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Typical Price Congestion on the daily Chart
Mar 14, 2024 at 15:39
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2 Replies
Member Since Sep 01, 2022
24 posts
Mar 14, 2024 at 15:39
This is a typical congestion, where prices bounce back at the high of the measuring bar.
NZD/CHF - daily chart, congestion with 12 bars.
On the chart the daily congestion is displayed on the 4 hr chart.
There are blocks around each daily chart bar.
NZD/CHF - daily chart, congestion with 12 bars.
On the chart the daily congestion is displayed on the 4 hr chart.
There are blocks around each daily chart bar.
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A little bit of knowledge is a dangerous thing!
Member Since Sep 01, 2022
24 posts
Mar 15, 2024 at 12:16
NZD/CHF - daily congestion with 13 bars today.
as so many times, prices trade back into the congestion between bar 11 and bar 17.
Again displayed on the 4 hr chart, showing the congestion high/low of the daily (red lines) surrounded by blocks to show what 4 hr bars belong to the daily bar.
as so many times, prices trade back into the congestion between bar 11 and bar 17.
Again displayed on the 4 hr chart, showing the congestion high/low of the daily (red lines) surrounded by blocks to show what 4 hr bars belong to the daily bar.
Attachments:
A little bit of knowledge is a dangerous thing!
Member Since Sep 01, 2022
24 posts
Mar 15, 2024 at 14:13
NZD/CAD - daily congestion with 13 bars
this pair, if in a SELL position, should not be traded more than max. 12.5% below the length of measuring bar. (approx 12 pips below the red line)
The measuring bar is approx 100 pips long.
this pair, if in a SELL position, should not be traded more than max. 12.5% below the length of measuring bar. (approx 12 pips below the red line)
The measuring bar is approx 100 pips long.
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A little bit of knowledge is a dangerous thing!
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