Hi Emman,
I got a question about H1 trade. When the market is in trend, we can seek opportunity using Price Action happening in SR area. When market is in consolidation/box, how do we judge whether the breakout is good opportunity? I suppose those reversal price patterns do not apply in this situation, as there is no trend. Also, normally the consolidation happens between 2 SR area. A breakout bar with momentum plus TDI cross?
For eg, how to consider today's EU H1 breakout bar as attached?
Rgds,
muyir
I got a question about H1 trade. When the market is in trend, we can seek opportunity using Price Action happening in SR area. When market is in consolidation/box, how do we judge whether the breakout is good opportunity? I suppose those reversal price patterns do not apply in this situation, as there is no trend. Also, normally the consolidation happens between 2 SR area. A breakout bar with momentum plus TDI cross?
For eg, how to consider today's EU H1 breakout bar as attached?
Rgds,
muyir
Trade your belief, trade like Emmanuel