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