Forex trading strategies : nzd usd h4
Pls read the previous post before reading this.
No price action is form at the “?” area on the previous post. Which also might means that the trend is changing.
In a ranging market like the highlighted box area. We have 2 methods of playing it.
1) We can play it inside the ranging box. Entries up or down, like the white arrows
2) Breakout trades.
In this pair nzd usd. We profited for quite a number of up and down movements inside the box itself. It is pending a breakout.
Price does not range in an area for a long time.
Which it happen, and broke out short.
If we trade with knowledge, we would have caught the move.
