What do you guys think of this trade:
Identifying FTAs is still kind of confusing to me although it sounds kind of obvious .
When we look for the FTA zone (assuming we are long), should we identify where price had difficulty breaking by looking at previous bar highs and vice versa when we are going short?
I hope I didn't confuse anyone with my question.
http://i.imgur.com/ysv3V.jpg
Thank you,
Edit: Is my divergence correctly done?
Identifying FTAs is still kind of confusing to me although it sounds kind of obvious .
When we look for the FTA zone (assuming we are long), should we identify where price had difficulty breaking by looking at previous bar highs and vice versa when we are going short?
I hope I didn't confuse anyone with my question.
http://i.imgur.com/ysv3V.jpg
Thank you,
Edit: Is my divergence correctly done?