Glad you found my other video on downtrend. PRZ stands for "potential reversal zone", and can be used to describe a price range (or area) where you speculate the price action will reverse.
Hey Thanks for the video. It definitely helped me set up my chart better. When you're looking for a clean entry, do you scale down to a smaller time frame, like the 15 min or the 5 min charts?
It really depends on you. Some traders will drop down one timeframe to look for confirmation of a clean trade entry, while others won't. So just see what works for your trading style 👍
@@ForexPlanningTrading great answer but it doesn’t really answer the question. Due to the fact that this is your strategy, I was asking you specifically if you scale down for your entries when you use this method. Or do u just enter on the larger time frames. Thanks in advance
@@craighuf Cool, so me personally, I used to scale down all the time, looking for better entry confirmation. Though personally I found this overcomplicated my trading strategies. So now I only occasionally check lower timeframe price movements (maybe one in ten trades) for trade entries. And when I do check it's because I need more trade confirmation because the higher timeframe pattern is confusing or unusual to me.
