DislikedHey WP
Like all price bars they can be played as both reversals and continuations. The best ones(especially for new traders), are going to occur at swing high and swing lows as REVERSAL bars. Just like a pinbar. So you want to see them really sticking out there and not and traffic. But just like pinbars, you can play them as continuations as the trend. The only reason myself and other traders here warn a bit against this is initially most traders have a lot of difficulty with trade mgmt, when a trade is in traffic. Continuation patterns tend to be the patterns that occur in traffic most often.
My chart is marked with both BUOBS. Arrow one was at a swing low, where as arrow 2 is already in...Ignored
Thanks for the information. It helped me a lot. You mean this formation is in traffic because the "leading" trade is the PB, it's not on a swing high or low, like you said. Thats why i read that this formation many times signals a continuation of the trend. Reasons to add, i think.
I read about the formation of the USD CAD trade, it was awesome, the signals on monthly, daily, 8Hr, 1hr. I'm liking more and more Price Action. I'll be checking more often.
Thx
Wp
) with ppz confl...
