DislikedDon't get me wrong. I didn't say it is a long trade. That pin isn't at swing low, and doesn't have much space. I did not plan to take it. But I use this information to give me a clue about what price is currently doing. It is a good enough sign for me to skip that trade though.
I do not feel comfortable with taking a bearish outside bar on daily, while we are in a overall uptrend and we have bullish signs on a lower TF (that less bothers me). The thing that bothers me more, is the fact that we are in a consolidation pause. Right, market is sideways...Ignored
I hear and I forget. I see and I remember. I do and I understand.