Hi to all you regular contributors.
I have a question.
On my 1 hour chart below, how would you decide whether this is a pull back to the 21 before TC, or whether it's a reversal.
I saw Pips trade going long at about the same time I saw this (1.9247 ish), and I think the TP is about the 8 on the 4h, which makes sense to me.
Is that how I should treat it? I.e. exactly as Pips has done, or do I wait for a different signal.
I realise you have to find your own style, but just interested in all the views.
Cheers
Colin.
I have a question.
On my 1 hour chart below, how would you decide whether this is a pull back to the 21 before TC, or whether it's a reversal.
I saw Pips trade going long at about the same time I saw this (1.9247 ish), and I think the TP is about the 8 on the 4h, which makes sense to me.
Is that how I should treat it? I.e. exactly as Pips has done, or do I wait for a different signal.
I realise you have to find your own style, but just interested in all the views.
Cheers
Colin.
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