So, they guy says that you need:
If all the previous apply:
So here we go:
- A sideway movement, not necessarily a channel, just a horizontal movement.
- A "build up" meaning a consolidation either on the top or the bottom of the area
- If long, the lows should sit around the EMA20
If all the previous apply:
- Limit buy/sell on the top or low of the area
- SL around ATR +/-3 of that value, I will put just below the EMA20 (this one is long)
- Exit when the price closes over or below the ATR -+3
So here we go:
Commento:
Price is falling, doesn´t look like it will go up in the short term... will wait for more candles to close, so for now no trade ahead in the horizon.
Commento:
Flat for now, no PA suggesting any direction. Meaning that there is no build up on any side of the range.
Commento:
Correction, this is the chart with the EMA20, latter was with EMA200
Ordine annullato:
it made the breakout but the buildup wasn´t clear, next time!