Price is on a tight TR on 1 hour time frame
Signal bar short
Price is having support on the 4h EMA 20 (not shown)
NOT good for bear that the price is no a tight trading range, it means that it will face resistance on the bottom of the range
Be prepared to deal with failed BO
Signal bar short
Price is having support on the 4h EMA 20 (not shown)
NOT good for bear that the price is no a tight trading range, it means that it will face resistance on the bottom of the range
Be prepared to deal with failed BO
Trade closed manually:
Trade closed BE, price still on tight trading range.
Probability still higher will go lower but better wait for a BO
Probability still higher will go lower but better wait for a BO
Comment:
re-enter on BO of the low of the bar if this bar close near its low (1-2 pips tail)