We are finally into the zone where traders will start loosing a lot of trades. Both Bears and Bulls are highly fragile at this moment and this is where the R:R doesn't not make sense to get into a trade without a confirmation off a break. As you can see, the range gets smaller and there is no point in high risk trading when the return is this low. Sit back with a beer and enjoy the fight!
Wait for confirmation. A fake out is highly likely so look towards the lower timeframes for back tests and higher timeframes for candle closes before diving into the deep end.
Wait for confirmation. A fake out is highly likely so look towards the lower timeframes for back tests and higher timeframes for candle closes before diving into the deep end.