MattDede

MattDede

using trend lines and S/R

MattDede

FIB retracement to 61.8 before shorting to 38.2. Will keep a close eye.

MattDede

So I have drawn my trend lines on a 4H chart, and then drilled down to the 1H time frame and drawn some S/R lines and a zone and I have seen that the trend lines hit a point, so thus had I entered the market where I have drawn my short position, i would now be in positive pips.