Dislikedhi lowen firstly i dont countertrend i trade according to daily trend so if its down i only look for shorts i find my stop and target by point 2 and point 3 not point 1 point 2 and 3 must not be more than 24 pips including spread thats the maxIgnored
With countertrend I mean the retrace counter the daily trend.
I know about target and SL.
I just want to know if a 1-2-3 is valid when the way from point 1 to point 2 is quite big related to the last retrace..
.. as shown in my picture..