D1: Uptrend (orange lines all refer to D1)
4H: Uptrend (blue lines all refer to 4H)
As you can see we already have hit our tested Resistance level
Which is also a whole number level (red dotted line)
So from here we have a sell opportunity
On lower timeframes you can see a lot of dojis/shooting stars etc...
So we sell (counter-trending) and set our T/P in between 50 & 61.80% Fib level (also a trendline level)
S/L above 0.72000 by pips
After hitting our T/P at the trendline level
We wait for a buy signal and go with the trend
4H: Uptrend (blue lines all refer to 4H)
As you can see we already have hit our tested Resistance level
Which is also a whole number level (red dotted line)
So from here we have a sell opportunity
On lower timeframes you can see a lot of dojis/shooting stars etc...
So we sell (counter-trending) and set our T/P in between 50 & 61.80% Fib level (also a trendline level)
S/L above 0.72000 by pips
After hitting our T/P at the trendline level
We wait for a buy signal and go with the trend
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.