Here's where I get tied up in a knot...
This is the AUDUSD 4hr chart for today. I can see the 'obvious' entry points at A, B, C, D & G. But at E & F would I wait for the candle to close? If so, both would've been losers.
If these are not valid entries, what differentiates them from previous candles that took out the highs of the previous candle? Is it that the swing low at Z defines this whole section as a correction to the bigger uptrend — a correction that we should wait to be 'taken out' by a move above some other 'high' like, say, at Y?
Thanks for being able to have this discussion :-)
This is the AUDUSD 4hr chart for today. I can see the 'obvious' entry points at A, B, C, D & G. But at E & F would I wait for the candle to close? If so, both would've been losers.
If these are not valid entries, what differentiates them from previous candles that took out the highs of the previous candle? Is it that the swing low at Z defines this whole section as a correction to the bigger uptrend — a correction that we should wait to be 'taken out' by a move above some other 'high' like, say, at Y?
Thanks for being able to have this discussion :-)