Mike,
Thanx for graphical explaination. This is the specialty of this thread.
Mahesh
Thanx for graphical explaination. This is the specialty of this thread.
Mahesh
DislikedYou can't as much denote a consolidation via a pip amount because different pairs, move different(atr and whta not). Basically when you look at your chart, any chart you can see price starts to box off into consolidation. If price goes from left to right and looks all choppy. Welcome to consolidation
Here is a chart with blue boxes being consolidation. Notice the variance in size of the consolidation, and how fluid it can still be
Best
MikeIgnored