DislikedAnother text book trade- But long right into resistance. So would you guys just miss this trade as there is resistance above? Or is this not classified as resistance. Again some of the senior guys in this thread... if you could give your input, would be great! See below. Kind regards, Roni {image}Ignored
But long right into resistance.So would you guys just miss this trade as there is resistance above?
technical resistance can be tested again and can be broken by more buying pressure.
it is the Risk to Reward question.
is there room enough for a good R:R trade? what is your minimum R:R for you to decide to take that trade setup?
I would take a trade setup when I see there is room for a potential 3 to 8 candles swing and a R:R of 1:2 sometimes I get greedy and I do it with 1:1.5.
Again the big round number 00 levels and the market type conditions... the Weekly is in control this week, and we have Weekly low as support.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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