We took the short trade with the letter R. Is the candle with the red arrow on it a new setup bar? ( it has not a Lower Low than the previous 2nd Setup bar). In order to qualify as a setup bar, does the candle also must form a lower low than the previous bar( in short) and higher high( in long) than the previous bar? I dont wanna complicate things but we have lots of situations where i get confused..
Thanks a bunch stersuhr
Thanks a bunch stersuhr