DislikedI am not negating you trade by any means, as I know it might have been a perfect by the org. Dance rules trade, but I was just wondering whether I was wrong not to take that trade because of:
1) DP just below
2) 1h 35/50 just below
3) 4 bars retrace (although I assume it is also "legal" to reset the counter after a bar in another direction or neglect the 2nd and 3rd one as they have very small bodies, that we can observe in this trade's retrace, it's just me being recently more conservative about it)
[ 4) Demand Zone just below? ]
The...Ignored
From my perspective, for me the touch of 10ema in 15m, is more likely in this case, because it indicates that the price was in SELL ZONE
while price action indicates mini waves ABCD
in the image explain what I mean
I hope I've been helpful greetings
your comments are welcome dancers