Dislikedhello mike.....may i ask something about the trade.....is it not worthy because of it is near a ressistance.....?i am still learning about PA...would like to get as much info as i can.....Ignored
yes you are correct. Basically when we play these bars as continuations they are in my view more tricky for people. When you buy a new high like this you are usually trading right into a trouble area and people mis manage them. I love continuations don't get me wrong but the "story" has to be right for me(usually in a breakout sense, which this aud/usd has some of that, with the trendline).
Hope that helps
Mike