GBPUSD,DAILY (with Hotspot & Length of Bearish)
MAY 26.2015. Wait until 7 bars to see the 1st trend. Length of Bearish = 15 bars (approximate).
From 1 to 15 bars in details:
1st -> 7th bars = 1st trend
8th -> 9th bars = Open Position following 1st trend (cut loss/ hit stop loss)
9th -> 10th bars = 2nd trend
11th -> 15th bars = Open Position following 2nd trend
16th > more = might be following 2nd trend.
From 1 to 15 bars in details:
1st -> 7th bars = 1st trend
8th -> 9th bars = Open Position following 1st trend (cut loss/ hit stop loss)
9th -> 10th bars = 2nd trend
11th -> 15th bars = Open Position following 2nd trend
16th > more = might be following 2nd trend.