Disliked{quote} I would ask myself: 1. Is it a fresh level - yes 2. Was there a strong move from level - not really (especially not on a M15 chart - always study the level on smaller timeframes) 3. Is the risk reward a minimum of 3:1- yes 4. Is it with with the big picture trend (eg. H4/D1) - no 5. How much time did price spend at the level - not much on a H1 chart but quite a lot on a M15 and M5 chart 6. How did price arrive at the level - don't know yet For me the level isn't high probability enough because of 2, 4 and 5 above. Like Thomaas I only take...Ignored
Hi TraderBen,
4. Is it with with the big picture trend (eg. H4/D1) - no
Thank you for explaination. Could u help me to identify trend USDJPY in daily since I'm quite confused not sure price moving north or south ?