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range 7 candlestick breakout previous day in Trading Systems_68922e7c602bf

range 7 candlestick breakout previous day

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The range of the 7 candle breakout the previous day, the 7 candle breakout the previous day is to make 7 candles from the previous day become support and resistance. It's up to you what timeframe you want to use. But my advice is to use M30 or H1 only, and wait until one of the bodies breaks in the direction of the trend



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#1 - July 03, 2021, 01:07:33 AM
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« Last Edit: July 29, 2024, 09:26:34 PM by Admin »

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for some reason I'm a little difficult to understand this simple system, if yesterday there was a breakout then we marked 7 candles? then which candle? can you be more specific about the time?
#2 - August 07, 2021, 01:21:38 AM

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Conceptually, this technique makes sense because it utilizes a simple market structure principle: if the price effectively breaks through the compression range of the previous few candles, the market tends to have momentum to move further. Seven candles can be considered a mini-range, reflecting the balance between buyers and sellers, so a breakout signals a change in dynamics.
#3 - December 09, 2025, 11:29:09 PM

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range 7 candlestick breakout previous day in Trading Systems_67f8365a73a8c