On any TF chart when you see a long bearish candle closing near the lows with high volume, especially after the BO of previous highs, what would you do? Simple query so please give one liner simple answer.
#TradeWithPAL
#TradeWithPAL
Here are your 4 Options:
1) Go short if the low breaks on next candle or go long if high breaks on next candle
2) Short immediately with SL abv the weak candle high
3) Wait for next few candles until things are clear & then take a trade
4) Do nothing
#TradewithPAL #LearnwithPAL
1) Go short if the low breaks on next candle or go long if high breaks on next candle
2) Short immediately with SL abv the weak candle high
3) Wait for next few candles until things are clear & then take a trade
4) Do nothing
#TradewithPAL #LearnwithPAL
Attached BNF explains what I was referring to. It is always good to understand the context (look left) & wait for the confirmation before you take a trade. Ideally if price BO then a follow through buying should come but if it doesnt then time to be cautious.
#TradeWithPAL
#TradeWithPAL
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