Reason for long
a) Reversal possible due to macd buy signal
b) price and volume spurt
risk buy due to single bar reversal without consolidation Hence SL and position sizing compulsory with 1:1 profit booking compulsory
a) Reversal possible due to macd buy signal
b) price and volume spurt
risk buy due to single bar reversal without consolidation Hence SL and position sizing compulsory with 1:1 profit booking compulsory