SS......Beware when shorting when we are in a Minor Uptrend within an Intermediate Uptrend....the only reason why wanted to take a short below LOD was to capture a fall into the area of Demand, therefore half of normal size as it is an anti trend trade.
The moment price doesn't just fall but instead steadily tracks a pullback path(which is expected in a minor decline within an uptrend),we don't want anything else to do with it.....now confirmation must happen in some direction,else we do Nothing.
The moment price doesn't just fall but instead steadily tracks a pullback path(which is expected in a minor decline within an uptrend),we don't want anything else to do with it.....now confirmation must happen in some direction,else we do Nothing.
Hope this trend identification in 120 TF........