Retrace Entry Without Price Action Signal In the example above | Global Trade Forex
Retrace Entry Without Price Action Signal In the example above, you can see price retraced or pulled back to the key horizontal level shown in the chart. There was no obvious price action signal here but we can see price quickly sold-off from that level after just barely pushing above it. This provided traders a very high potential risk reward scenario if they entered on a “blind entry” at the level with a tight stop loss. #TradeSmart
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