Email Question:
Could you please take a quick look at these setups and tell me what you think. Is my line of thought correct?
With hindsight both of these pullbacks seem to me valid entries long.
I think in both cases the small bearish traps at the end of PBs/CPBs play a significant role and add to the validity of long entry.
Image: (click the image to open a larger copy in your browser)
Response:Â (click the image to open a larger copy in your browser)
Yes, with hindsight both these pullbacks seem valid. But it’s very difficult price action; not smooth and flowing at all. It would be difficult to take them live.
See the image below for another option, when price action is messy and choppy like this.
Lance Beggs