You're going to be breakout trading.
Follow the trend 'till you see reversal.
Fibs an old highs and pools of liquitiy are likely places to see reversal, so keep your eye on it.
*Warning, Forex trading is high risk, always use a stop*
I'm going to place my stop at break even, and make it move with the trend as it ...
So this is an experimental technique, Listing 3 most likely scenarios, act on price but be a trend follower.
Really curious whether this type op semi self-developed TA works or not.
Any feedback would also be appriciated.
I might publish a trading plan for this chart soon.
Shout out to themerle for mentioning me on their site, and shout out to @philipvdlinde for being an awesome mentor! :)
We'll probably see a small breakout above or under the current consolidation (422.10 or 436.45), and then a rejection, followed by a trend in the opposite direction. In a bearish trend scenario ...