1. H1 Planning Charts are VALID FOR ONE SINGLE DAY 2. If H1 and H4 charts collide, then consider trading the H1 chart in the short term until the H4 chart requirements are completed. 3. If you are looking for a higher percentage of accuracy, then wait until both H1 and H4 align.
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Notice that we are now at the bottom of the range.. Very dangerous place to be .. so please manage your position f you are in this pair
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Also, an opportunity if you know how to trade it...
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If you have bought at the bottom of the range, you are now running around ~130 pips profit We are now at DPP so think of selling part of your position
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If you did not join the move from the bottom, please do not do it now Wait until we are back at one of the range limits .. from there we will see what happens and decide accordingly
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Almost at the upper limit The upper limit coincides with the WPP so once we are there, dump your full position and let's see what happens to decide on next steps .. that's about 175+ pips Enjoy
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here we go .. almost at the upper limit of the reange
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This chart is no longer valid. i will update it tomorrow
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rist
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in general can you tell when a range is exhausted? should you keep shorting the top and buying the bottom?
Ichimoku_Trader
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My strategy is as follows:
Once the market is ranging .. it will range forever
Once the market is trending .. it will trend forever