ETHUSD 1D RANGE TRADES
Price has been in a range
Volume dropping causing consolidation
ATR and Volatility dropping because candle size is smaller
This is a pattern to look for because traders are getting bored with this consolidation pattern so breakout pending
Wait for breakout candle either long or short to close outside range
Wait for volume bar to be at average line to trade 100% full size
or at 75% of average then trade 50% of size
SL 1.5 x ATR
Volume dropping causing consolidation
ATR and Volatility dropping because candle size is smaller
This is a pattern to look for because traders are getting bored with this consolidation pattern so breakout pending
Wait for breakout candle either long or short to close outside range
Wait for volume bar to be at average line to trade 100% full size
or at 75% of average then trade 50% of size
SL 1.5 x ATR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.