Breakout Panca Eagle Indicator for MT4 is Breakout indicator which each day creates a box of breakout zone. Once this box is breached we cen enter buy or sell position and take some profit.
- BLUE zone: it symbolizes HIGH and LOW of the candle range in between specified hours
- GREEN zone: this is a border above and below the BLUE zone. It gives you a warning that a breakout should happen soon and it will serve as an noise zone
- RED lined box: This is a zone where you should not trade and wait for PA (Price Action) to exit the RED zone.
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