DislikedHi,
Wondered whether eur/jpy [M30] coming into a fresh demand zone is a good setup? It has a fib fan of 38.2 for confluence passing through.
My doubt hence the question arises with price having come as close as it has already and pulling away, whether that invalidates trade now?
Are there rules for how close and at what speed price comes near to a zone but in fact pulling away before, lets suppose, before [eventually] carrying on to the zone, negating that setup as being high-probability trade?
Your comments much appreciated. Thanks in advance....Ignored