So, they guy says that you need:
A sideway movement, not necessarily a channel, just a horizontal movement.
A "build up" meaning a consolidation either on the top or the bottom of the area
If long, the lows should sit around the EMA20
If all the previous apply:
Limit buy/sell on the top or low of the area
SL around ATR +/-3 of that value, I will put...
Don´t have it 100% clear, but the HnS is sitll active, and the retrace to 38 fib can be the end of the up movement, this week should go around 1,07475 to complete the pattern. Anything over 38 fib could be the end of it.
