Its called a range. If you wanna trade a breakout move you have to wait it out or find a way to profit off a range. These are camarilla pivots. your range is clearly show and your targets.
How to use this info? If you want to long or short a range reversal at H/L3 target the 3 on other side and beyond. stoploss at the H/L4 just above or below your entry on rejection or loss of the 3.
If you wanna play a range break with a confirmation. wait for H/L4 to be broke on preferably a 3hour or more unless volume is nice. target is H/L 5-6 with your stoploss at the H/L3 on the side you took your trade in.
Good luck. Nothing confirmed until this step first taken. Enjoy.
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