Disliked{quote} not buying the retracement ... it is 3 bars/candles late now... bar/candle 1 closed is nice when both the Stoch(8,3,3) and Stoch(14,3,3) cross up their 50-levels. bar/candle 2 open can be the order entry... but risky because RSI(14) has not cross up its 50-level. bars/candles 2 and 3 will make you sweat a little for 8 hours because after London session closed, the market liquidity becomes thin. when we trade H4 we must learn deal with those small candles and cope with the 'stress'. {image} Note: if you are an advance price action trader,...Ignored
i noticed that after 4th blue candle RSI crossed 50 line. i think it's another reason to not open long, too late to open it. Also as D1 chart and specially W1 it's strong bearish. maybe it's a retracement and back to bearish next candle.
Thank You