$RENDER TYPICAL RANGE AND SAW ON 2H — WAITING FOR BREAKOUT OUT OF BOUNDARIES!
Mixed signals from the indicators have pinned the price in the middle of the local range.
I expect the continuation of the sideways movement between 1.641 and 1.494.
Enter the market from current levels is dangerous; we work strictly from the edges.
We’re waiting for manipulation and a liquidity sweep above 1.641 (for a short with targets 1.597, 1.567 and 1.494) or a false breakdown below 1.448 (for a long to 1.550, 1.567 and 1.597).
Entry only after a reversal pattern on 15m (M/W-structures, pin bars).
A full-bodied close above 1.641 breaks the structure in an uptrend toward 1.717. Patience!
#RENDER
Mixed signals from the indicators have pinned the price in the middle of the local range.
I expect the continuation of the sideways movement between 1.641 and 1.494.
Enter the market from current levels is dangerous; we work strictly from the edges.
We’re waiting for manipulation and a liquidity sweep above 1.641 (for a short with targets 1.597, 1.567 and 1.494) or a false breakdown below 1.448 (for a long to 1.550, 1.567 and 1.597).
Entry only after a reversal pattern on 15m (M/W-structures, pin bars).
A full-bodied close above 1.641 breaks the structure in an uptrend toward 1.717. Patience!
#RENDER