The TMA channel is an amazing trading tool to trade a rangebound in a pair,
it's better to trade the rangebound in the Asian session
but sometimes there is a break , usually in the London session and then you get burned because take a position at the end of the range, so be sure to take a position only after even partial approval and always put a stop loss over the range of the channel. Comes in the direction of the trend or above or below the daily pivot
yes yes yes