On the 4 hour Timeframe, the 4 hour Range that we are in.
This a good range because it meets these 3 critierias:
1) Price is in a range in either the 1hr,4hr or the daily.
2) The range is at least 100-150 Pips wide(can be larger, no issues)
3) The support & Resistance have at least 2 or more taps minimally for the range to be strong.
As price is approaching the support, there are 2 scenarios i am looking at.
1) price breaks below the Support at the 1.89046 level with a body candle close. IF this happens, price breaks out of the range and it means price has broken out of the range to the downside and a break and retest of the support level will be used to look for Sells.
2) Price rejects the Support level and creates a 15 minute Bullish CHOCH. When this happens, I will be more inclined to look for BUYS during volume sessions.
This a good range because it meets these 3 critierias:
1) Price is in a range in either the 1hr,4hr or the daily.
2) The range is at least 100-150 Pips wide(can be larger, no issues)
3) The support & Resistance have at least 2 or more taps minimally for the range to be strong.
As price is approaching the support, there are 2 scenarios i am looking at.
1) price breaks below the Support at the 1.89046 level with a body candle close. IF this happens, price breaks out of the range and it means price has broken out of the range to the downside and a break and retest of the support level will be used to look for Sells.
2) Price rejects the Support level and creates a 15 minute Bullish CHOCH. When this happens, I will be more inclined to look for BUYS during volume sessions.