DislikedHey Jaroo, looking at the weekly chart 5 bars prior to the current bar which is a BUOB ( a good one IMO), would you not agree that a person playing the enter-at-break would have been in heavy drawdown by now?
(heavy drawdown is the best case assuming his SL is at the other end of bar, otherwise would have been stopped out most likely)
Could we say that will be a decent setup that did not go well? I am keeping a lookout for decent setups that 'fail' just to satisfy myself that not all decent setups work (unless this BUOB is not a good setup)
Your...Ignored
If I might chip in - Jaroo can correct me. The BUOB you mention is very strong but not at a swing high. At best a continuation bar but counter trend so overall higher risk. Whereas the DBHLC is at swing high (pull back from trend) and from a retest of the 13650 area which had been strongly resisted. Still could all go pear shaped but that was my thinking
Cheers
J