Looking at the EURAUD market this session which has produced cascading Inside day signals (inside days within inside days), this type of consolidation setup can lead to powerful, explosive moves. Favoring a bullish breakout here because the recent momentum has been up, and price is now trading on the positive side of the 20 EMA. I’ve set my breakout entry order as per the Price Action Protocol, so if a breakout occurs I will be triggered into the trade automatically without having to sit in front of the trading screen all day.
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