is it wise to enter at current market price which is in middle of previous candle low break and stoploss point…i am asking this doubt because the trade is triggered first and then moving against our direction
can u explain this pls
Draw zigzag line of bounce.
From picture, I will say one word - It is consolidating. I will short immediate with stop loss on the above.
Sideways means you can short on the upper range with mild stop loss.
This is what i see when i draw bounce lines, how do we conclude its consolidation in the middle of that candle. On closure of the green candle, we can say that it made a LH and short on PCL but how do we conclude on consolidation
