i dont typically trade ranges but how beautiful
on a daily we have a range
im using the 12hr because the price action is clear on zone
since price goes up or down
i believe this is a relevant zone
so price should either reverse or continue
i personally would wait for a 12 hour candle close and wait for a lower timeframe bos for reversal
or if we continue you can expect a reaction off this zone to downside
also market is a lot of times manipulative
this giving stop hunts
so another potential is fakeout to downside
taking stop losses of early entries to upside
and enters for breakout traders then reverses finally
tradings like a box of chocolates.... you know the rest :)
on a daily we have a range
im using the 12hr because the price action is clear on zone
since price goes up or down
i believe this is a relevant zone
so price should either reverse or continue
i personally would wait for a 12 hour candle close and wait for a lower timeframe bos for reversal
or if we continue you can expect a reaction off this zone to downside
also market is a lot of times manipulative
this giving stop hunts
so another potential is fakeout to downside
taking stop losses of early entries to upside
and enters for breakout traders then reverses finally
tradings like a box of chocolates.... you know the rest :)