DislikedHi Nasir, I felt the down trend line (your brown line) had been broken. To me that was more important than the daily resistance you highlighted. Also, using purely the close, I only get 1 point in that area (Nov. 8th, high=1.6939 on my broker).
This is just my opinion, but based on those 2 points, I didn't feel taking the trade was a problem. I could be wrong, but need to stick to my plan.
Thanks for your feedback Rev as well.
Hopefully we're both right Nasir.
-- DannyIgnored
Wide bar with close above prior high
You mean high of this bar is higher then the previous one right? is that a good reason to take a trade?
Pin'ish looking with good spacing
Almost on a swing high how good is that?
Trend line break, retrace
I can see the break but there is no retrace.
And the most powerful thing in this area is that aqua line. IMO
Hope that helps.