Daily trend is short & in retracement. For continuation short, expecting resistence to hold around 0.9944. Diamond Live Levels Trading Indicator
DESCRIPTION & HOW TO USE THE ALERT:
Use the diamonds trading indicator to chart weekly support & resistance levels for price action trading.
These Support & Resistance levels are derived from live price which means the indicator will give a new level once the previous level is broken.
This indicator will show Support & Resistance levels for the weekly trading strategies with the current level clearly highlighting possible price turning points or breakouts for price action trading.
Set your own trading signals from the indicator to assist with weekly trading set ups and market analysis.
This trading indicator can be used for trading financial markets such as forex, stocks, crypto, index and commodities such as gold, nat gas, and oil.
Advantages: Alert displays forming support & resistance levels for trading strategies. Price action trading indicator system
Limitations: If market price breaks the level it will give a new signal at the next level.
TradingView account needed: free
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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.
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.