This is enough evidence to support a long position and recently I've become aware of a slight advantage when entering on the reversal bar in a strong uptrend or downtrend because if price is going to move up in our direction then the small reversal bar is something of a pause before a larger move takes place.
Trade active
Momentum is correct so if price hits .70180 I'll move to BE and let positive expectancy take over.Trade active
At BE now because if the 4H bar reverses it will turn into a mega trader's trap and price will drop.Trade closed manually
Hit good sized value, transfering cap to cadjpy. Good run for the day.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.