wait for breakout is a confirmation that this pair is now going its opposite direction, but if we have try our best we can find market edge point... that will give us best Risk Reward Ratio. IMO This is not a very good setup. but this is a risk taking entry... Let see what will happens...
Can you tell me in what sense and criteria that this setup is a good one? I'm a newbie trader. Would be really nice if you explain it further :)
thanks for sharing your idea?
thanks for sharing your idea?