Just wondering,
Do you only trade based on Bearkouts?
Well, here's my G/U chart and I am expecting a breakout to upside and my tp is blue shaded area.
Let's see if this one works out
Ignored
Ya breakout of a valid trendline is a part of it. Oher considerations are trend, divergence etc on higher timeframes, that may support the direction of the breakout. I think for eurusd not I'd wait for some divergence, then look for a breakout long.
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Joined Apr 2010
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Status: The Admirable Cretin
|404 Posts
I see. I do prefer to trade these when the daily shows a break zoom to the 4 hour for the pullback. I would never look at the 4 hour that close up. Maybe that break you show would have pulled back on the hourly?
Position trader - Anything intraweek is just noise...
