AU 1H Asian range is 30 pips.
" (2) TOK_5H channel breakout. Quite similar to the SYD_2H range breakout, except this one I use the Tokyo first 5 hours range (40pips max) and trade when price action shows a breakout of the narrow TOK_5H range. "
How do you trade this breakout? Pending limit orders few pips above and below range? Or do you wait for a close on 15M?
Best,
" (2) TOK_5H channel breakout. Quite similar to the SYD_2H range breakout, except this one I use the Tokyo first 5 hours range (40pips max) and trade when price action shows a breakout of the narrow TOK_5H range. "
How do you trade this breakout? Pending limit orders few pips above and below range? Or do you wait for a close on 15M?
Best,