So if i presumed 1.3157-1.3300 is zone of consolidated range, and i choose to trade on breakout this is what i should see.
http://lessons.tradingacademy.com/wp...ds/Seiden3.jpg
There should be s turn r, so if a trader with buy at 1.3157-70, might want to do is he can bet on a buy if 1.3157 is overlappsed by bull candles to trade retracement back, we might have a bigger range. alternative, he can cut and change his buy to sell with very good stop loss and risk reward to trade the breakout to the downside should it happen.
1.3125 is still a r turn s area of concern, once its broken, the probability of it swinging down is very very high.
http://lessons.tradingacademy.com/wp...ds/Seiden3.jpg
There should be s turn r, so if a trader with buy at 1.3157-70, might want to do is he can bet on a buy if 1.3157 is overlappsed by bull candles to trade retracement back, we might have a bigger range. alternative, he can cut and change his buy to sell with very good stop loss and risk reward to trade the breakout to the downside should it happen.
1.3125 is still a r turn s area of concern, once its broken, the probability of it swinging down is very very high.