H4 - Price moving inside a range but keep in mind that our main direction is still up, and thus If we get a setup, it is recommended to trade it with smaller risk than usual.
The potential risk:reward here is good.
First of all we want to see the price reaching the top of the range (rectangle) around 1.7850.
First we want to see a break below the trend line.
However already in a good zone (61.8%) so if the breakout happens here, we can still take it.
Invalidation - if the price breaks above the range, before we get triggered, remove the idea.
The potential risk:reward here is good.
First of all we want to see the price reaching the top of the range (rectangle) around 1.7850.
First we want to see a break below the trend line.
However already in a good zone (61.8%) so if the breakout happens here, we can still take it.
Invalidation - if the price breaks above the range, before we get triggered, remove the idea.