After 2 weeks in the eternal range we've finally broken out.
Unfortunately I missed the long off the touch at the bottom of the range but now i'm waiting for another setup opportunity
4hr RSI is currently oversold so I am either looking for,
1) Retest of the top of the range before a move to the historically strong diagonal resistance
2) Short consolidation and...
Having re-entered the eternal range - looking for a break either way before opening a position.
On break of the support region
- Looking to open shorts targeting the yearly lows
On touching the resistance region
- Opening short positions for another bounce in the range (tight stop just above region)
- If red is broken and retested cleanly, opening long with...