EURUSD breakout trade idea based on price action on 4H

28 сент. 2015 г.

Price Action concept here is based on merging open of first bar of the region with close of last bar take the highest and the lowest prices and check if it matches a pattern.

Here is matches a Bullish Pinocchio Bar and a Bearish Pinocchio Bar, means we are consolidating and a breakout trade would suite the situation one cancels the other.

Or wait for breakout and switch to lower time frame for entry with tight SL.