{quote} I'm really surprised no-one has asked this Terry but had you entered as shown, you would have been stopped out on the candle low (assuming the low was not established at the opening of that candle) {image} Thanks for posting, Terry
As i was trying to see where PASR coult be identified. Because Humly what i was able to see is the following, Hoping that Terry can explain his setup for those still learning the path, to further understand.
Please Correct me where i am wrong, i still lack the big picture.
I am sharing my thoughts not to prove that i know, instead i am sharing them so someone will indicate if i am on the right Mindset or not.
On the Daily, price came back close to the Resistance become Support, it seems to be respecting a Channel, and the latest big bearish candle was scary for me, ) thus (as a not adcanced trader i would never have looked for a bullish setup.
The next candle was a bounce from the Support, but , again for a newbie like me, i couldnt see any PASR (Hammer, BUEB, BUOB or Hammer) to enter the setup.
On the 4H, yes there is a Big green Candle , but the MAs where (9 above the 20) , as a newbie i wouldnt take that trend, as if i want to applie to the power of time frames, the daily dictates the 4h.
