from a previous price level, this leads to certain continuation of the move. This is just one currency pair, but imagine you use it on others too. Of course, different strategies work with different indicators. Perhaps it was a news announcement, perhaps it was simply a collection of large players moving into long positions. One way to trade the move from here would have been to place your limit order 1 to 2 pips ahead of the rejection bars. This still shows a range. Theres no clearer entry than this one. When does the breakout trading begin?
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Thats a great Forex breakout indicator. Following a forex daily breakout strategy, a reliable trade signal may be confirmed by various indicators, including volume indicators. Even here, the same money management rules give a disciplined approach. And, you can choose a breakout trading style that suits you best. Try to filter the indicators used. Think of it for a second: does price travel so big a distance without reaching the round number?
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