This is an oldschool pattern, as we examined it many times, during the night (asian session), the price channel going tight, so at openning of the london session, we have a very tight and clean sideways price channel. It’s easy to trade, just buy in the direcion of the breakout (currently long), and you are with the flow.
Posted under General
This post was written by FXTraderLog on November 17, 2008
