deepee2020

Previous days range average price

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
Most of the time I'm using previous days or weeks average price . 50% of range . To find a long or short on my bias. So for GU my bias is long and I look for ave price of the range. Meaning I expect traders and market makers to pay half the price of the range. I'll generally wait for H4 support or resistance to form. Meaning a black followed by a white candle to form in that general area.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.