Hey Guys
Nice thread you have here. I'm now reading it from the begining and I wanted to ask you question.
Lets assume that price creates rounded test into marked PPZ on GBPCAD. What will you do? Sell this PPZ with touch trade or wait for some PA? I know that Wizard talked about selling support and buying resistance after they break but is level created by one bounce to upward good enough to consider this as possible TT entry? If there were 1 or 2 upward bounces more from that PPZ I would already put my sell limit there, but after rounded test from 19th Sep, second approach into this PPZ just went through with small consolidation on M15 chart.
There's similar but much better setup on GBPUSD but I would like to know what do you think about this GBPCAD scenario.
Cheers
Nice thread you have here. I'm now reading it from the begining and I wanted to ask you question.
Lets assume that price creates rounded test into marked PPZ on GBPCAD. What will you do? Sell this PPZ with touch trade or wait for some PA? I know that Wizard talked about selling support and buying resistance after they break but is level created by one bounce to upward good enough to consider this as possible TT entry? If there were 1 or 2 upward bounces more from that PPZ I would already put my sell limit there, but after rounded test from 19th Sep, second approach into this PPZ just went through with small consolidation on M15 chart.
There's similar but much better setup on GBPUSD but I would like to know what do you think about this GBPCAD scenario.
Cheers