Dislikedwhy would you enter this long trade when daily s/r was near above it ? would you not have avoided this trade due to resistance at daily s/r and a likelihood price may not go above it and niot much room to make many pips ?Ignored
The next daily s/r was about 76 pips and just over 2/1... I will take a 2/1 counter trend trade...
remember if price is going to change direction it has to engulf or close below the s/r... on h4 it couldn't do that from the daily s/r it paused at... so.... if it aint short, it's gotta be long (love that saying)
tradewith60