This analysis can assist you in a trade decision
"Trade in the direction of the higher time
frame trend“?
Many ways to use the higher time frame.
CHFJPY….eventually stopped out on raised stop for +5
I was not trading support.
Consolidations can work off the overbought (oversold) condition
Can trap traders.Otherwise known as a “spring”
1.Bull market2.Overbought3.Consolidation at highs
I cut risk virtually in half and the stop was sitting at low of day.
Too many traders use tight stops so they can
have larger position size.
Learn what a trade failure looks like!