When price in a strong trend on the 1H charts approaches a major trendline on the 4H or Daily chart do you...
anticipate a bounce and close and reverse your positions?
anticipate a breakout and hold on to your positions?
get out of the market and wait for the dust to settle and a new trend to develop?
cross your fingers, close your eyes and wish yourself "good luck"?
How do you trade this common trading situation?
anticipate a bounce and close and reverse your positions?
anticipate a breakout and hold on to your positions?
get out of the market and wait for the dust to settle and a new trend to develop?
cross your fingers, close your eyes and wish yourself "good luck"?
How do you trade this common trading situation?