Market re-tested the daily resistance zone and failed, resulting in a bearish pin bar in H4. Two options in my plan to short this pair:
(1) Enter at market now based on the bearish pin bar signal rejecting the daily resistance zone.
(2) Wait for further retracement up for deeper re-test of the daily resistance zone and the re-test of the low of mother bar.
My heart says (1). My head says (2). What do you say?
(1) Enter at market now based on the bearish pin bar signal rejecting the daily resistance zone.
(2) Wait for further retracement up for deeper re-test of the daily resistance zone and the re-test of the low of mother bar.
My heart says (1). My head says (2). What do you say?