The Pair is currently trading within a defined range, oscillating between 4.77 and 4.63 points. To initiate a trade, it is crucial to await a breakout from this range.

Condition 1: If the breakout occurs on the upside, the Pair must close above the 4.77 level. Once a candle closes above this threshold, consider initiating a buy position. However, please exercise caution and refrain from trading if the Relative Strength Index (RSI) is above 73.

Condition 2: Conversely, if the breakout takes place on the downside, the Pair needs to close below the 4.63 level. Wait for a candle to close below this mark before contemplating a sell position.

Advice: Base your trading decisions on the occurrence of a breakout, adhering to the specified conditions.

Range Bound

Oct 02 2023