Price has been in a tight buildup on the daily chart with volatility contraction. The price broke out of the range and I'm looking for an entry trigger on the 4hr chart. Market is in a downtrend < 200MA.
Entry: 1.3345 at the open of the previous candle Stop: 1ATR above the resistance at 1.33933 level Exit: I will ride this trend until price closes above previous daily candle