Ok so there is at least a 25 minute window in which im not going to place any trade what ever happens. So lets think about stuff. Lets think about the past. {image} The lines you see are weeks old. I put them there to indicate something specific. Those areas means price USUALLY hesitates SOMEWHAT at those levels because it USED to in the past. The past can tell us a lot, but right now always has precedence. At those areas there is roughly no more then a 50% chance price will go through. Lets have a look at this night. {image}
{quote} Hello sir, Just a question regarding the final picture. So, I understand the hesitation in buying at the touch of the line. But, seeing how the rest of that candles played out, do you not consider the close of that candle to be a signal of any kind for a long continuation? Classic engulfing/key reversal depending on your preference. Or, is this not a buy because from an M1 perspective, the potential drop (low of the candle) is too far? Good luck with the method
