How can i avoid being whiplashed like this? On approach to my resistance line, price was making higher highs, and thus i had a long bias and waited for a long trade. However, when price retested my Sup/res line soon after it shot right through, and then i got confirmation, price was 2 far up for me to enter with a good risk/reward. I usually trade during asian when bars are smaller and i can have my usual 25 pip stop/ 50 pip tp. But lets say you were the one taking this trade, how would u have handled it? You know where your sup/res is so when would u have taken this trade safely.
Kommentera:
Also no worries i did enter on the second retest for for a +8% trade.