Dislikedhey guys, just wanted some advice, price seemed to break through the zone so I bought as the PA indicated that the supply was cleared out. If it was ok to buy at this point, what do you guys look for as a heads up to get out of the trade?
thanks.Ignored
The one you have marked turned out to be a trap, sucking in breakout traders to go long, and freaking out weak short sellers. Then price touched the zone above and went south. Tough to go short here also with the big swings unless you dropped down to a 5min chart.
My personal style of trading - I would not have been looking to go long here at all, wait until price drops back down to the lower zones.
Ignore buy signals at supply or resistance and ignore sell signals at demand or support.