> - I appreciate at first this looks overly colourful and somewhat convoluted, but look twice, its completely unproblematic. There's literally 3 or 4 things I've added to this chart.
> - Simplicity is key:
5 Touches on the bearish Trend line
Daily Support Zone plotted
4Hr Support Line plotted (incase of consolidation towards trend line)
Evidence of a gradual bearish trend, a short term SHORT position with TP/SL plotted.
Conceivably, the price action will reject the Daily Support, in-time for a substantial LONG position with TP/SL plotted.
I will be checking back in a week to see how this analysis has played out (¬‿¬)
For those who keep sending me direct messages, I am a Student of the Diamond Forex Academy (instagram.com/diamondforex) and more so my personal tutor is Masum, a Top Author on TradingView, take a look (uk.tradingview.com/u/masumhussain)
> - Simplicity is key:
5 Touches on the bearish Trend line
Daily Support Zone plotted
4Hr Support Line plotted (incase of consolidation towards trend line)
Evidence of a gradual bearish trend, a short term SHORT position with TP/SL plotted.
Conceivably, the price action will reject the Daily Support, in-time for a substantial LONG position with TP/SL plotted.
I will be checking back in a week to see how this analysis has played out (¬‿¬)
For those who keep sending me direct messages, I am a Student of the Diamond Forex Academy (instagram.com/diamondforex) and more so my personal tutor is Masum, a Top Author on TradingView, take a look (uk.tradingview.com/u/masumhussain)