Hi Derek,
My short entry on gbpnzd is based on H4 supply level not on the H1. I base my entries on the timeframe where I spot the level. If you drill any level down to lower timeframes, most of the time you will see it can be a reaction to other areas on that timeframe.
I reduced my risk, looked at lower timeframes, but i dont pay attention to that lower timeframe. I saw what u mentioned and that served me to place my entry higher I believe, my entry is based on orih4 level at d1 distal line. That is the logic, hope now it's clear now.
Alfonso
My short entry on gbpnzd is based on H4 supply level not on the H1. I base my entries on the timeframe where I spot the level. If you drill any level down to lower timeframes, most of the time you will see it can be a reaction to other areas on that timeframe.
I reduced my risk, looked at lower timeframes, but i dont pay attention to that lower timeframe. I saw what u mentioned and that served me to place my entry higher I believe, my entry is based on orih4 level at d1 distal line. That is the logic, hope now it's clear now.
Alfonso
Disliked{quote} HI alfonso, was looking at GBP?NZD short trade at the D1 supply distal level you have set up. My question is i thought we only take a reversal trade on ORIGINAL and fresh levels. THIS level at the distal level is an ORIGINAL LEVEL, however, i believe this level is not FRESH. SO would we still take this short trade even if the LEVEL is not fresh? Thanks for the help {image}Ignored
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