Comparable to OTHER momo, not just to recent price action (none momo).
Is it not the case though that if there would have been the amount of momo as to the left i.e. HUGE that there would have been virtually no way to get into the trade: apart from a rat type breakout of the momo bar?
Or have I got this wrong yet again and momo isn't a reason for entry but is a target area for TP and reason for exit if it occurs while in trade?
In this trade I used the H4/H1 chart to "see something on a higher TF" which meant I wasn't going to get in long. Rather I got in short with a limit order at the line, went through a drawdown, but price didn't close over LOS, then saw what appeared to be momo on the shorter TF in my favour so held, then price blasted back through and past the LOS. Entry wasn't on the basis of current PA on the H1.
