Guys,
i have i dilemma.
We still have one hour till the NY close but let's say that this candle will close below the 20 EMA.
We have a very bearish signal (almost engulfed the last 2 candles) + close below 20 ema.
If we take a trade from here, this would mean to trade in the violet trendline.
What it's better to do in this case? To wait for a break of the triangle or to place an offer below the low of the candle.
Many thanks in advance.
i have i dilemma.
We still have one hour till the NY close but let's say that this candle will close below the 20 EMA.
We have a very bearish signal (almost engulfed the last 2 candles) + close below 20 ema.
If we take a trade from here, this would mean to trade in the violet trendline.
What it's better to do in this case? To wait for a break of the triangle or to place an offer below the low of the candle.
Many thanks in advance.