So basically I have created a spread sheet that compiles a ton of indicators from the 4HR, 1DAY, and 1WEEK. Based on the data presented to me I decide what trade I want to take and why.
I am taking this trade because we have mixed indicator signals, and a bullish engulfing on the Weekly. The shorter time frames present buy signals, but the longer time frames present selling signals still. I think this is because of a change in momentum.
Looking to take this from the bottom based on the assumption that momentum is changing.
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Closed up +113 PIPS. Good gain. Will look for more soon