HTF
Pricol Daily- Momentum Trade
- Volatility Contraction Pattern
- Breakout trade
Coming out of a large base and outperforming the market, Pricol formed a base again when the overall market was in correction, now breaking out of the range, can give a big upmove here but need to take care og the position size as SL will have to be deep
GBPCHF- Range possiblitiesAB is a Range confirmed by pivots 'CDEF'.
As HTF bias is to the upside the price is likely to break the range resistance and continue to move up.
Green line: represents rejection or unacceptance of break of range boundaries
Orange line: represents acceptance of break of range boundaries
Trades can be taken one the pullbacks.