DislikedOk, on this example you would wait for the retrace to 1.5700 then enter for a short. It hit your retrace target, but would you enter right at 1.5700 (place a pending order) or would you like to see it come down a few pips first as a buffer?Ignored
If bearish PA at the 1.5700 at a lower time frame is presented, you can use a buffer there.
Darn it, I should have shown ertorque this 8 hour BEOB off the 1.5700. . . .which retraced to the previous bar Low . . of course . . .
Indicators show the past. Price Action "Indicates" the future.