Here is an example of my favorite setup that I am going to pass on.
Reasons:
Too near trendlines on the 1 hr and 15 m charts
5 m trix is in overbought
15 trix cross up here is too near overbought
Too near 50% fib at 1.3080.
It's counter the main trend. It might work but this setup is pretty far into the retrace for me to be happy with.
Reasons:
Too near trendlines on the 1 hr and 15 m charts
5 m trix is in overbought
15 trix cross up here is too near overbought
Too near 50% fib at 1.3080.
It's counter the main trend. It might work but this setup is pretty far into the retrace for me to be happy with.