LTCUSD using SMA as area of value and spotting Market Structure
The market moves in a wave fashion, and I like to follow patterns and use price action
that is current since I use the 1m TF as I like to be in and out with quick profits. Since movement on lower timeframes is what the market is doing at the exact moment we want to be with the moment by taking note of the current structure. The sma or emas or technical anaylsis they react to the movement of pricing and this is your guide to finding trade opportunities. If you have a understanding of how trends move you almost can predict when to make a perfect entry because you already know the behavior of the trend example high higher and lower high your knowledge of the trend is your guide to higher probability of winning a trade.
that is current since I use the 1m TF as I like to be in and out with quick profits. Since movement on lower timeframes is what the market is doing at the exact moment we want to be with the moment by taking note of the current structure. The sma or emas or technical anaylsis they react to the movement of pricing and this is your guide to finding trade opportunities. If you have a understanding of how trends move you almost can predict when to make a perfect entry because you already know the behavior of the trend example high higher and lower high your knowledge of the trend is your guide to higher probability of winning a trade.