Hello Traders, this setup looks good. Please use a tested strategy to trade, do not use any strategy you haven't tested yourself. I am sorry for not been able to answer all the PM messages sent to me here on tradingview. In the future please use my fb page ( facebook.com/ProwaveTrader/ ) or skype : mangal457 for such message. If you don't want to miss any of my postings or webinar in the future please use the fb page. Thanks for the overwhelming support I have been getting the pass week, you guys are awesome.
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enjoy very much your charts anil!
this was actually mine fron the weekend. seems we both have different views. might you mind sharing why you still have bullish bias after the triangle breakout?
kenfxfreak
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great analysis David.
DAVID_GIRALDO
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thank you!!
anilmangal
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@David the daily is down but i am expecting the 240 up move, to continue after a correction. I don't see it as a triangle ,just a bigger correction , I will not be buying unless it proves up side since the correction could be more complex.
DAVID_GIRALDO
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thank you yes i agree with your views. i see bullish momentum coming in as well
TanSY
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Please teach me what is 240? Sorry for asking simple question because I'm new to Forex. Thank you for answering.
Cettex
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It is the timeframe 60 = 1h ; 240 = 4h and D= Day :)
Cettex
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It is the timeframe 60 = 1h ; 240 = 4h and D= Day :)
Ranothil
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Each candle on a chart is a record of a specific period of price action. So when someone says the 240 chart they mean the chart where each candle represented 240 minutes/4 hours of price action. The 240 chart is commonly used for medium to long term analysis which should bolster the ideal short term setup.
TanSY
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Thank you, sir! Now I understood after read your explanation.
this was actually mine fron the weekend. seems we both have different views. might you mind sharing why you still have bullish bias after the triangle breakout?