This post will be about the bamm again.
Take a look at the H4 chart of USDCHF .
Configure your , 14 days, 30 oversold , 70 overbought.
You can see that there is a M structure that completed at the overbought area of the .
This usually means that the trend has not ended and it will likely continue to go up.
In situations like this, I will personally not trade on any patterns as the trend is very very .
I will go down to the h1 or m15 timeframe to find patterns to go long with the trend.
In this example, I spotted a completion around 1.0080.
I also use a band of 34 high and low to tell me when is a good area of support.
SL: 1.0050 (30)
TP: 1.0160 (80)
This will likely happen soon, will enter when I see a rejection or at 1.0080.