DislikedNo, it doesn't have to make a new high, that's the whole point if you want to long into the top.. You want two things: conviction from a HL and room to get out if it fades again..
Otherwise, just wait for the break out, and long the retest.. and hope it's not a SL hunt..
There is no exact recipe unforturnatelly..Ignored
So if this would have been a H4 chart. This would have worked? Trying to get the picture here. Really glad you are taking the time to respond
At the moment if I look at the life chart it would have worked for the m30 this time too, for at least a few pips.
Edit: And yes I understand there is no exact recipe here that will never be there.. always keep looking for confirmation etc.