Dislikedbelow the bullish bar ? Would you of put a short entry below the bullish bar when it closed or waited for the next bar to close ? the bullish bar is PA that i would of considered going short on.Ignored
But quite often you will see the break and when price hits the break level and stalls simply by placing an order below the candle that it stalls at. Broke low, almost made it to RN within a few pips, previous lows to contend with, acting as resistance. Place an order with stop above the RN.
I guess it can come from hours and hours of watching charts and seeing how things react sometimes. Does it work all the time ? definately not.
Same can apply with sloping trend lines. The first touch back after having the two highs to actually draw the line can be good even though you may not get a doji or pin bar as such.
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