Wait for confirm breakout and Re-Test .
My View it must breakout above side and complete 61.8 pull back plus 200MA Test.
Well breakout will confirm the direction of trade.
My View it must breakout above side and complete 61.8 pull back plus 200MA Test.
Well breakout will confirm the direction of trade.
Comment:
up Side break out occured , wait for a re-test and Enter long
Comment:
If a candle not closed above breakout , breakout will be fake. hence it was a fake breakout . never enter a position till the break out confirm to be true
Comment:
beware of Noise and Pin bars
Comment:
Trade closed: target reached: