PASR
When PASR fails as it does at times since no strategy/method/system/black box is 100%, always immediately CLOSE your position(s).
Most of the time, when PASR fails, it is due to some unforeseen negative news event, geopolitical issue or geographical disaster/catastrophe causing the Market and therefore PRICE to go out of balance.
Wait at least 24 hours and maybe more depending on the particular circumstance, for the Market and PRICE to recover and resume balance.
Out of balance Markets under these conditions create volatility and high volume and are ideal for short term traders to capitalise on.
Disliked{quote} Hello Strat, thank you for your comments in this case, When I did my research in history this case is pretty often, when S/R is settled in BB and B timeframe, but in worker before price goes away from this S/R makes this "pin bar" how non PASR trades called it, to get retailers into positions against Big boys and create liquidity for theirs opposite positions, next candle make false break and then closed as hammer. Even if I made mistake and went short, I should close it next day because I have had to see this hammer so loss should be only...Ignored
Most of the time, when PASR fails, it is due to some unforeseen negative news event, geopolitical issue or geographical disaster/catastrophe causing the Market and therefore PRICE to go out of balance.
Wait at least 24 hours and maybe more depending on the particular circumstance, for the Market and PRICE to recover and resume balance.
Out of balance Markets under these conditions create volatility and high volume and are ideal for short term traders to capitalise on.
15 YEARS OF PASR ON FOREX FACTORY!