DislikedSure, why not? Seems like a logical placement to me. It's the below the PBT&CA bar, which is normal for me. Sometimes I actually place below the lowest of the previous 2 bars. On this pair it happens to be 100 pips, on others it's usually between 60-85 pips.
For me my initial stop placement is more about having places to reduce my risk. I don't go BE as quickly as many or take partial profits so I like to give a little room for trade to play out. This one gives me 2 spots to reduce risk without going BE. I check charts usually 2 times a day...Ignored
THX.
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