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Refer to below chart
when any chart is in trend but also forming a trading range late in trend
In such case, should it be traded like a trading range or trend ?
So in this particular chart, should I trade using trend line as support & resistance ( Refer blue line) or should I trade it like TR ( Buying low and selling high)
Hi Tarun,
as far as I understood the concept all broad channels are also TR so you have to handle them like one. Your pic. shows for me a transition face on the border to the support CH line. You have to wait how it will behave on the following bars at the CH line to identify if it's following the BL CH or if it's going sideways.
Hi Tarun,
You would trade it as both, with the most immediate context taking priority. So you would structure your trade as either swing or scalp with appropriate RR within the context of a TR (in this case scalp is best since "BLSH and scalp" as per Al. But you would also respect the larger context of bull trend/channel and obey those trendlines and see if price is bouncing off them. It looks like a difficult buy in your screenshot now because unfortunately price is already in the middle of TR so it's best to avoid that area.
Hope that helps and let me know if you want to discuss more.
Sincerely,
CH
