I wait to see what happens at the top, drawing my CSCZs.
http://charts.mql5.com/1/187/gbpusd-...salt-ltd-3.png
Notice, the red Candle at the top of Engulfing character
The following short Candle is the CSCZ.
Could you please explain the above, why is the following short candle the CSCZ, I don't quite get it. I presume you are talking about the bearish engulfing candle at the top and the way I understand it is the BE candle directs the sentiment at that stage. The following candle shows the consolidation and you use that to see if there is a breakout or a retracement to that level in order to trigger the trade?
Thank you
http://charts.mql5.com/1/187/gbpusd-...salt-ltd-3.png
Notice, the red Candle at the top of Engulfing character
The following short Candle is the CSCZ.
Could you please explain the above, why is the following short candle the CSCZ, I don't quite get it. I presume you are talking about the bearish engulfing candle at the top and the way I understand it is the BE candle directs the sentiment at that stage. The following candle shows the consolidation and you use that to see if there is a breakout or a retracement to that level in order to trigger the trade?
Thank you