Trading Criteria: Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), and five daily candles for shaded yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here. Wait for the breakout of 4hr. consolidation or daily consolidation (red border boxes) to take the trade. I usually aim for 80% of the weekly ATR (or monthly ATR for yellow shaded boxes) taking profit but not always at the next yellow box. I place my stop loss above/below consolidation.
*These zones, with the inclusion of price action described above, have remarkable accuracy.