Hello, fellow traders! We had couple of nice possibilities yesterday, sorry I was not posting them right away - I got lazy. They're explained on pics 1 and 2.
Pic 3 shows EU for today: currently I do not see any setups or patterns, so I do nothing. I wait for price break out from both the triangle and trading range and then I'll look for setup possibilities.
Notice how we're currently in a trading range bettween right shoulder and left neck. Moves happen when we break out from it. While in it, depending on its width, you could scalp on lower TF (2 or 3 min), so remember allways to set range boundaries for yourself at the beginning of each trading day. This will help you know if you're in a trend or in a sideways movement.
Regards,
snu
Pic 3 shows EU for today: currently I do not see any setups or patterns, so I do nothing. I wait for price break out from both the triangle and trading range and then I'll look for setup possibilities.
Notice how we're currently in a trading range bettween right shoulder and left neck. Moves happen when we break out from it. While in it, depending on its width, you could scalp on lower TF (2 or 3 min), so remember allways to set range boundaries for yourself at the beginning of each trading day. This will help you know if you're in a trend or in a sideways movement.
Regards,
snu