As EURUSD is having mixed feelings in the US session, I cashed out 50%. Still short at 1.3555
- 4H ADX showing some signs of bearish trend weakness.
- 4H RSI showing mixed feelings. I will wait until the next 4H RSI close, if it doesn't show a strong break down through the 50 RSI line, I am out, and will wait for tomorrow EU session for a better entry.
Three questions Alejandro, if you don't mind:
Q1: What are the times of the day that usually get the highest probability of getting/having breakouts?
Q2: When you say a breakout, does that refer to passing the S/R level and closing above/below it, or as long as price goes above/below it it is considered a break, even if it closes below it? And is this confined to certain time frames? Because I think shorter time frame breakouts tend to fade.
Q3: What are the best time frames to look at breakouts?
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