looks like a nice setup, but I believe this stop should be under the low. i.e.
around the level of 98.25 if you want to go with the rules of the 4H. Just
trying to be helpful
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Disliked@tipfx14 {quote} Good call on that previous bearish oil setup. It is looking very likely as if I may get stopped out on this one....I have to keep a keener eye.Ignored
DislikedAre the two bar that I have marked with an ellipse in the screenshot consider to be a 2-bar engulfing bars? I have taken the trade on the 3 candle that I have marked with a red arrow.. I'm just confused.. I just took the trade in GBP/USD 4 HR... Please clarify me.. {image}Ignored
Disliked{quote} i think it is a good call for short (i short too) but based on the pb + bear candle on h4. unless it is a 2-candles tf, like 8h in your case, it is ambiguity to read the candle patterns because you can combine the pb to the left candle, and the bear candle to the right candle. just my 2 cents opinion. good luck to your g/u. cheersIgnored
Disliked{quote} Does it mean that if I have a sell position open in H4 and if I find any bearish engulfing pattern in H1 tf then should we enter that signal irrespective of whether another stacking signal is formed in H4 tf or not.Ignored
Disliked{quote} Does it mean that if I have a sell position open in H4 and if I find any bearish engulfing pattern in H1 tf then should we enter that signal irrespective of whether another stacking signal is formed in H4 tf or not.Ignored