- On D1chart, price consolidate into a descending triangle pattern
- Price is strongly reject by Monthly Support with Solid Bull candle.
- 2 possible happening scenario:
- break to the upside or
- break to the downside;
All depends on price movement to either break above the descending triangle resistance TL or break below its support.
(PIPs Range : approx 250 pips)
- Price is strongly reject by Monthly Support with Solid Bull candle.
- 2 possible happening scenario:
- break to the upside or
- break to the downside;
All depends on price movement to either break above the descending triangle resistance TL or break below its support.
(PIPs Range : approx 250 pips)
However, there's time this buy low, sell high work and to be able to play this range bound method by some experienced traders. I personally have stayed aside & watching only. It's kind of choppy & consolidating. (Ain't my trading style) Eventually not everyday it gives you a good chance to trade, be selective & play out when the trend invites you.
Cheers!