DislikedHey mate,
I'm not the expert here but Storeball wanted me to share my view here so I do,
Focus on your chart the red line you marked, initially we would most likely trust it was a corrective move after the previous waves, then we might enter a long order after the formation of little IB green, cos the next red initially raised up and break out this little green. Well the SL is bit lower than the IB too as usual.
You might have few pips gained or worst case a small lost. Then we noticed that the red line was changed from impulsive...Ignored
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- Joined Jan 2010 | Status: Yet to replace my suit in black.... | 3,268 Posts