DislikedThis is my question Bo...
If the candle with the arrow get its high broken...how do you know if its worth taking long....or if its simply being a small pullback to the swing fibb...
I know we have a doji at the swing low signaling a reversal may come and we also have the fact price hit intraday T1 and that might mean a pullback...we are also at the lower part of the downward channel over the past couple of days and i know this means support as well...
Though i do know its a trade against our intraday levels.....
What do you ask yourself before taking the brake of this high ....or do you not even consider it as a trade that can be taken...
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In the case of making a counter trend trade where you placed the arrow, is there room to make a profit...is 10 pips worth the risk in a counter trend trade ?