following this just because you're from my country
Namibian_Forex_Capital
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@FransSK, Thanks but it kind of already hit take profit
Namibian_Forex_Capital
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Currently in buy postion to the upside as price behaviour changed thought i would show you guys-
Namibian_Forex_Capital
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USDZAR will reverse to the upside as it has not broken the daily structure so i closed my positions and also price is rejecting the psychological level of 14.5000
dgoldiner
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@Namibian_Forex_Capital, interesting...can you elaborate on why you previously believed USD ZAR would break thru the resistance and go lower?
Namibian_Forex_Capital
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@dgoldiner, Hi so my charts(left side) might look messing but all the drawings are for individual timeframes. So basically the 4h analysis provided me with an entry at the start if the london session which was suppose to be 1:2 risk to reward but longer term target was a 1:3,5 risk to reward so what i basically ask my self is how can i turn a intraday trade into a intra week and how i do that is by checking the momentum of the candles on the 1h timeframe and 4h timeframe which will there for let me turn a risk to reward of 1:2 to a 1:5 thats how can capitalize on the trade fully by following price thats how i got mentored
dgoldiner
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@Namibian_Forex_Capital, thanks! I am a total amateur and I find it very difficult to distinguish between analysis of trends across different time frames. Like you saw a bearish trend switch to a bullish trend on a hourly basis...but others might see an opposite trend on day to day or month to month trend
Namibian_Forex_Capital
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@dgoldiner, What I usually do i look the the higher timeframes cause they paint the picture for me. Its very hard at the beginning i can inbox you something that can help cause i know what it feels like at the beginning just let me know