Big RN Comment;
There were a few questions offered up and discussions in prior posts about trading at or around BIG RN's. Most have probably observed PA when touching or crossing the BRN on the first try. Just a FYI for the new traders to use caution with your entries because many times price will hit or break the BRN and then pullback and hit it or quickly break it again and there can be several retests. Then at other times, especially at or around news times, it will break through, like a hot knife through butter. You will, or have probably also observed that PA may hang around that area for a while do to pending orders and the bulls and bears are fighting it out !
Trading near the BRN's can lead to many pips but just a heads up to use caution.
Just my 2 cents
Regards,
Cigarguy
There were a few questions offered up and discussions in prior posts about trading at or around BIG RN's. Most have probably observed PA when touching or crossing the BRN on the first try. Just a FYI for the new traders to use caution with your entries because many times price will hit or break the BRN and then pullback and hit it or quickly break it again and there can be several retests. Then at other times, especially at or around news times, it will break through, like a hot knife through butter. You will, or have probably also observed that PA may hang around that area for a while do to pending orders and the bulls and bears are fighting it out !
Trading near the BRN's can lead to many pips but just a heads up to use caution.
Just my 2 cents
Regards,
Cigarguy
Keep It Simple