It seems like every day lately starts with some form of a small range, and today was no exception. When prices stalled at the bottom of the range and we got a nice bullish signal bar forming a double bottom and a Major Trend Reversal, I took the long. I was initially aiming for 1R, but since the daily limit on the eval accounts is $1000, I exited at 10 points on two contracts.

After that, prices struggled to push back to the top of the range, showing bearish imbalance. When prices broke down below the range, a BOPB formed — one of my favorite setups — but I hesitated since there were several stacked bars just before the BOPB. After that, prices shifted into a slow bearish trend into the close. I didn’t feel comfortable selling that late in the move, especially so far down. Prices eventually reached the measured move target from the morning range — perfect price action in that sense.