HEY GUYS. TODAY I MAKE NEW ANALYSIS. ONLY ON TECHNICAL FACTOR ONLY. MY MAIN STRATEGY IS IDENTIFYING THE DIRECTION AND USING SUPPORT AND RESISTANCE.
ON H4 TF.
THE MOVEMENT IS FROM HIGHER HIGH --> LOWER LOW (LL) --> THEN MAKING NEW LOWER HIGH --> THEN NEW LOWER LOW (LL).
BASED ON THE MOVEMENT, I CONCLUDE THAT THE CURRENT DIRECTION IS DOWNTREND. THE DOWNTREND IS INVALID IF AND ONLY IF THE CANDLE BREAK THE PREVIOUS LOWER HIGH.
ALL IN ALL, TAKE CARE OF YOUR RISK. SL AND TP AS WELL ENTRY POINT IS INCLUDED IN THE GRAPH. GOODLUCK ALL THE BEST.
P/S: IF YOU HAVE ANY OTHER IDEA WHICH I MAY OVERLOOK, PLEASE PLEASE PLEASE COMMENT DOWN BELOW.
ON H4 TF.
THE MOVEMENT IS FROM HIGHER HIGH --> LOWER LOW (LL) --> THEN MAKING NEW LOWER HIGH --> THEN NEW LOWER LOW (LL).
BASED ON THE MOVEMENT, I CONCLUDE THAT THE CURRENT DIRECTION IS DOWNTREND. THE DOWNTREND IS INVALID IF AND ONLY IF THE CANDLE BREAK THE PREVIOUS LOWER HIGH.
ALL IN ALL, TAKE CARE OF YOUR RISK. SL AND TP AS WELL ENTRY POINT IS INCLUDED IN THE GRAPH. GOODLUCK ALL THE BEST.
P/S: IF YOU HAVE ANY OTHER IDEA WHICH I MAY OVERLOOK, PLEASE PLEASE PLEASE COMMENT DOWN BELOW.