DislikedAlso, entry remain unclear. What is the best method to determine p2 have been drawn and we can take the trade to ML? I read about minifork and other methods but often when i have my confirmation price have already travel to far for risk ratio to be proper. I would really like to have your suggestions/solutions on this. Meanwhile here is a gold daily chart, i put a catalin fork on it. Price seems to respect lower trend line, would that be enough confirmation to go long with a very interesting R/R?
Thanks for your post. In my opinion (and I am no expert) I'd want a fork to have been respected more times than the chart you posted. Here is my Gold which I admit is a longer term perspective but I think you'll agree that price has respected it pretty well.
Good questions about entry - think I'll wait for others better qualified than me to comment on it...
All the best,