After mapping out the major support and resistance lines on the monthly chart I move to the daily chart. Here I see a red engulfing candle bouncing off major resistance. This indicates this market is ready to move lower. I now expect price to move lower over the days and weeks ahead as it works its way down to major support. During this downward trek I also expect there to be periods of counter trend upward movements consolidating short term periods of downward movements when price becomes oversold on a short term basis.
Having learned price is now ready to move lower I will move to the 4HR time frame to look for a high quality short trade setup. I will post this trade setups as soon as I have identified a high quality short trade setup.
Having learned price is now ready to move lower I will move to the 4HR time frame to look for a high quality short trade setup. I will post this trade setups as soon as I have identified a high quality short trade setup.
Nota
Chat with me at "Forex Chat" chat room (not the "Forex" chat room.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.