A range-bound market is where a financial asset like a commodity, stock, or a currency pair remains in a relatively tight range. Here you can observe the range.
Bookish knowledge: Generally it goes to wards current trend.
Reality: It will go towards either side after range breakout or breakdown
Ideal entry : above 264
target: 270-274
Reverse is true in case of breakdown.
Note: Trader should not enter inside the range.
Stop loss should not be more than 2% as it will give you room to reenter at same level in future.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.