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
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.
Read on unofficed.com/bounce/
Know how it is constructed