Description
⋅ EJ has been consolidating for a few hours.
Waiting for the BREAKOUT in either direction.
R:R could be 3:1 if the breakout is BUY biased or 2:1 for SELL bias.
Blue lines are levels of Support & Resistance from the 4 Hour time frame.
If HOURLY candle closes above the zone then I will BUY & if it closes below the zone then I will SELL.
The 1 HOUR candle ranged out of the zone on both sides but closed within the box. There wasn't a trade but I took one anyway which resulted in a LOSS.