I would like to share another situation regarding price consolidation. Most of the time it's happens to me. At the bottom of the trend very frequently we can see indicision of the trader. Mosts of them believe price will go up, some think that it should go down. In these situations below i try to buy ASAP because there is a big chance of price going up. Below you can see my forecast.
And so price is starting to go up..
A bit further and i begin to smile
Ussually i place take profit in the level of first resistance line. My risk/rewar ratio is 1:1,2.
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