Setup Near Congestion Zone
Trading near a congestion zone is similar to a support/resistance zone. The logic is the same – there is a zone with an high potential to reverse the market, and so, if the market gives these strength signs, you should get ready to get in.
In this setup, look for:
- Strong signals above the congestion zone
- A slight uptrend
Stop-loss: Set the stop-loss at the red dot.
Take-profit: Set the take-profit at the green dot.
Move stop-loss: When price reaches the blue dot (the indicator will automatically alert you), close half the trade