Range on GBPJPY

25 ก.ย. 2017

The chart shows AB being the range confirmed by CDEF (inside pivots of swing AB)

We have 2 scenarios at each boundary

Scenario 1 : Acceptance at boundaries - Orange arrows
Break and Acceptance at boundary 'A' will give a Short setup
Break and Acceptance at boundary 'B' will give a Long setup

Scenario 2 : Unacceptance at boundaries - Green arrows
Break and Unacceptance at boundary 'A' will give a Long setup
Break and Unacceptance at boundary 'B' will give a Short setup

Note: The decision to enter a Long or Short based on Acceptance or Unacceptance will be done only after the price action observation post break of boundaries 'A' and 'B'.