DislikedGood morning everyone!!Good morning Mr Pip, Here is a set up for today (March 10,EUR/USD 5 min) Many times you have said that we should pay attention and not enter a trade near a zone of support or resistance,in order to have room to protect our trade.This is one thing that still confuses me a little.. in this set up we have: 1)a strong move up (bullish move) 2)a retracement that reached the 0.786 a)bad(because its a deep retracement and maybe market wants to move down) b)good(bacause we have a very very nice risk reward ratio) 3)the retracement...Ignored
Even though I walk through the darkest valley, I will fear no evil