I understand this trade is likely to be a loss.
Its against the trend and ideally our entry should be at the Orange zone.
However, I've noticed that sometimes potential trades that seem bad can have good outcomes. Although this trade has much less confluences it at least has one which is that it is at a major zone where price has reacted many times before.
Its against the trend and ideally our entry should be at the Orange zone.
However, I've noticed that sometimes potential trades that seem bad can have good outcomes. Although this trade has much less confluences it at least has one which is that it is at a major zone where price has reacted many times before.