DislikedThis last weekly bar on USDCAD has a higher high and lower low than the last bar, but does it qualify as a BUOB? I would like to see the close much closer to the high in order to play it as such. Thoughts/advice?Ignored
Yes technically speaking on my chart it is a buob(higher high, and lower low, with a close near the upper portion). I also always like a very high close.
But look how much the market is consolidating and sideways. These bars are real tough to play. This indicates a lot of choppiness in the market making bars like this better to pass on. Remember location is everything.