Why Theory of PDL is important in Price Action
![[Positional] Godfry Philips Retracement Bet](https://s3.tradingview.com/m/mY834200_mid.png)
Yesterday I posted a short setup in Godfry Philips. You can clearly see the setup did not trigger by mere .9 points saving us a huge fortune.
Just .9 was enough to save 30 points.
In Price Action, the PDL (Previous Day's Low) in Daily timeframe is the most important indicator for any kind of trigger!
Now our view of shorting this scrip is still the same but it will not trigger till the PDL is broken.
Get trades instantly and discuss them with me at my Slack Channel @ unofficed.com/chat/
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
Our community is full with traders who actually trade!
Telegram: t.me/unofficed
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.