this came to my mind, Golfer......
let's say the price is going up but....
a) it pullback to between the 2 EMAs without making higher highs prior to the pullback........too risky ?
b) instead of ascending triangles being made, descending triangles are made instead but price is generally going up still......too risky ?
the above 2 scenarios seem pretty frequent.......my guess is scenario 'a' could see the price heading downwards big time for a potential loss.
scenario 'b' is quite hard to say though...........
*** i understand it's better to be safe than sorry but just worried i may not get a single trade in a day............
let's say the price is going up but....
a) it pullback to between the 2 EMAs without making higher highs prior to the pullback........too risky ?
b) instead of ascending triangles being made, descending triangles are made instead but price is generally going up still......too risky ?
the above 2 scenarios seem pretty frequent.......my guess is scenario 'a' could see the price heading downwards big time for a potential loss.
scenario 'b' is quite hard to say though...........
*** i understand it's better to be safe than sorry but just worried i may not get a single trade in a day............