Here is a good example of how to use technical tools and indicators together. Based on daily chart
we could draw a such trend line
. It was a trading idea to search entry levels on hourly charts if price could break the line. And we could open a long trade on 1H chart. The trend line
was broken, and price bounced from new support line. At the same time we could get a signal from trading strategy based on indicators. RSI
confirmed price reversal from MA20 and the trend line
. Entry level was above the high of the signal bullish
candle. Stop was placed below MA20 and the trend line
. This trade made good profit.