tight channel formation -- stock drops below key 1.30 level
then: big volume spike to 1.2975 with a tail -- 1 min candle
then: rising 3 bump pattern directly afterward
then: a BIGGER volume spike but this time vol. pushes ABOVE 33 day MA
then: descending channel that had taken hours to form breaks.... 99 day MA breaks.
so: major shifts are often preceded by multiple buy signals.
An intial entry would have resulted in over 150 pips -- even AFTER waiting for all this information.
Therefore: there's no need to jump the gun shorting or entering long. The multiple signals will form time and time again. Allowing an entry that minimizes time and drawdown.
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