Let’s start with some higher timeframe structure to provide a little context.
The market kicks off at 09:30 and drives higher, confirming the uptrend is in play. YTC Price Action Trader principles 1 and 2 will guide our analysis and trade plan, until proven otherwise.
The default option with a Sideways Trend is to seek trade opportunity at the upper or lower boundary. But there is another option. When the market provides clear structure within the range, when it’s something that is absolutely screaming out to be traded, seize that opportunity and take the trade, targeting the edge of the range and potentially beyond.
Happy trading,
Lance Beggs