Zentrades

ANGLE OF CONSOLIDATION EDUCATIONAL UPDATE

FX:USDJPY   U.S. Dollar / Japanese Yen
95 0 2
There can be different angles on daily and 15 minutes timeframe. Everyone has to use there good judgement to figure out whats happening and to decide what type of trade they wanna take, (long term vs short term). This is just a tool in the tool box eh? This is the quick way to tell if the angle is "less than 45 degrees". You draw the trend, and then bust out your box making tool. Then you trace the trend with the box making tool, and if you get a rectangle , then that means this is an angle of less then 45 degrees, and there is pressure building up to push price somewhere. IF you spot a trend and the box trace gives you a square, then you likely have a continuation of whatever the previous signal box was. Rasta mon don't give up he Live up!
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