Hi everyone
Well let's have a look at GBPUSD 15 min chart magic-breakout with PPA.
Unfortunately I dont have an indi that paints horizontal lines 15 pips either side of a BRN so we are just going to have to put them on our chart when we open up the short time frames.
It's very important to have our PPA zones marked in as we've seen already that most times price action responds to the zone. USUALLY ONCE PRICE HAS PENETRATED THE ZONE ONE HAS A 30 PIP GUARANTEED TRADE IF WE ARE WELL ABOVE/BELOW 200 EMA AND PIVOT.
Yesterday, price reached the 6100 zone resistance and fell back to support overnight. However trading today was well above the 200EMA as well as well above daily pivot point so we were looking for upward signals.
When we look at the CCI signal, we really want to see breakout signals (when signal line breaks above/below the 100 level) fairly well spaced apart. OFTEN THE LONGER THE CONSOLIDATION THE GREATER THE EVENTUAL BREAKOUT!
Well let's have a look at GBPUSD 15 min chart magic-breakout with PPA.
Unfortunately I dont have an indi that paints horizontal lines 15 pips either side of a BRN so we are just going to have to put them on our chart when we open up the short time frames.
It's very important to have our PPA zones marked in as we've seen already that most times price action responds to the zone. USUALLY ONCE PRICE HAS PENETRATED THE ZONE ONE HAS A 30 PIP GUARANTEED TRADE IF WE ARE WELL ABOVE/BELOW 200 EMA AND PIVOT.
Yesterday, price reached the 6100 zone resistance and fell back to support overnight. However trading today was well above the 200EMA as well as well above daily pivot point so we were looking for upward signals.
When we look at the CCI signal, we really want to see breakout signals (when signal line breaks above/below the 100 level) fairly well spaced apart. OFTEN THE LONGER THE CONSOLIDATION THE GREATER THE EVENTUAL BREAKOUT!