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DislikedGood momentum swing on USD/CHF, daily chart. Momentum killer. {image}Ignored
DislikedNice thread. I am trying to determine how you select the momentum candle upon which you decide to enter a trade. From what I can tell, it appears to be large impulse candles and candles with a rejection off a very recent consolidation at a high or low. Is there anymore that you can share in this regard? ThanksIgnored
I neither trade figures nor news but these are clearly red flags to lower my risk until the situation clarifies.
I will be watching if the SMA100 or the low of the triangle are tested, along with the strength of the movement, this could be a good opportunity to take some profits and maybe close the older trade.
From there I should be in a more comfortable position for the moment where the consolidations is resolved.