DislikedApparently 'pierced' works with L1. In my experience the concepts of 'penetration' and 'break' are more applicable to trend lines, when the trend line gets punctured and retreats. As a result the candle does not close past the trend line. There is definite need for candle to get established on opposite side for a break when analyzing a trend line . But price levels imho are different.Ignored
Good it worked !
Remember what the old wise man with the white beard said ?
"Look for reasons not to take a trade".
Reasons for me not to:
Candle crossed the Daily Open, not a big fan of that
Candle did not manage to close above DO
Didnīt like the values of GBP vs JPY strength I saw in my currency strength meter
Wisdom begins in wonder