GBPCHF - Range bound
DE being the range confirmed by FGHI and below are the expected scenarios when either of the boundaries are broken.
Scenario 1 : Acceptance at boundaries - Orange arrows
Break and Acceptance at boundary 'D' will give a Short setup
Break and Acceptance at boundary 'E' will give a Long setup
Scenario 2 : Unacceptance at boundaries - Green arrows
Break and Unacceptance at boundary 'D' will give a Long setup
Break and Unacceptance at boundary 'E' will give a Short setup
Note: The decision to enter a Long or Short based on Acceptance or Unacceptance will be done only after the priceaction observation post break of boundaries 'D' and 'E'.
Scenario 1 : Acceptance at boundaries - Orange arrows
Break and Acceptance at boundary 'D' will give a Short setup
Break and Acceptance at boundary 'E' will give a Long setup
Scenario 2 : Unacceptance at boundaries - Green arrows
Break and Unacceptance at boundary 'D' will give a Long setup
Break and Unacceptance at boundary 'E' will give a Short setup
Note: The decision to enter a Long or Short based on Acceptance or Unacceptance will be done only after the priceaction observation post break of boundaries 'D' and 'E'.
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