70% moves inside the range-
- buy at the bottom of the range hope for a breakout north.
- great R:R ... 70% range bound move + 70% breakout = Potential 140% ROI
CAUTION
- range bound traders suffers many false breakout- watch for stop loss hunters
- use loose SL with small positions- once correctly identify the potential reversal zone (PRZ)- add to the winner
- buy at the bottom of the range hope for a breakout north.
- great R:R ... 70% range bound move + 70% breakout = Potential 140% ROI
CAUTION
- range bound traders suffers many false breakout- watch for stop loss hunters
- use loose SL with small positions- once correctly identify the potential reversal zone (PRZ)- add to the winner
Transaction en cours:
peak volume stops movement, candle with follow thru
be cautious as mid term trend is def down. could still go lower but time to attempt to catch the knife- confluence zone
be cautious as mid term trend is def down. could still go lower but time to attempt to catch the knife- confluence zone
Most likely will start to form a bottom failure swing on RSI- this is not a buy signal thou. Need to have PEAK VOLUME and reversal candle on a large time frame 1hr or greater.