How to Trade BTCUSD Range - Explained!
Updated
There are two types of strategies. Breakout trading (a level gets broken), and retest trading (a level holds).
Confirmation:
- Breakout requires one D close beyond the level.
- SFP requires price to wick beyond the level, but have the same D candle close within it.
- Retest requires a D close beyond the level, and another D candle to close without touching the level.
Confirmation:
- Breakout requires one D close beyond the level.
- SFP requires price to wick beyond the level, but have the same D candle close within it.
- Retest requires a D close beyond the level, and another D candle to close without touching the level.
Note
More light shed upon Price Action strategies.Range mid requires 4H candle confirmation.
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