I think this is the part where you wanted to get, note that these are BASIC examples and there are some other aspects that may affect the entry decision for each & unique setup. The following 8 examples are all at entry point testing a strong Bullish confluence level, could you tell me, from your point of view what example (s) will I trade? and why?
Attachment
Will be nice to know other members' point of view, feel free to participate.
I think You will trade 1,2 and 4 ... Reason would be that price is not lingering at the level, just testing it which means there is stronger chance of reversal . Right ?
One of your answers may negatively affect the performance of a touch entry methodology; so let’s go a bit deeper into the exercise by giving a sense of quality in terms of risk %, in addition, we can also add a confluence to 3 of the entries. Give it a try and I will elaborate the whys & don’ts of the 9 examples later on.
Hint = Try to spot Bullish, Bearish & Reversal patterns.
