So, do you look for possible major swing levels on slightly longer timeframes, and draw your trend lines on those timeframes, then use shorter timeframes to finesse your entry?
WicktatorFX
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@loudon3, Thats exactly what I look for. I look on higher time frames for the trend and see if any trendiness are applicable and then on smaller timeframes I try find patterns. I also found that 4hr 50EMA helps with the direction and if there's rejection on the 4hr EMA, I enter soon after
loudon3
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@Wicktator, thanks for your detailed reply .. this is really helpful!
loudon3
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Sorry - picture on my earlier post did not show properly. This is it.
loudon3
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Looking at the chart as it has moved on since the 25th, I wonder whether the impulsive move might be starting instead a little bit lower, off the support zone around the BRN of 1.12000, as pictured here?