➰Entering trend cycles//High yield, price entry points📈
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The trick to catching the price up or down is to discover the trend direction.
Before entering a position, you need to determine your trading maturity.
Because the time interval of each trend is different. There are short-medium-long-term trends.
First you have to determine your trading term.(Position-Trade term)
If you are trading in the buying direction with the daily maturity, it will be beneficial for you to have a bull market on the weekly maturity.
Example
Item: XAU/USD
Trading Due: 1 Hourly Cahrt
Recommended : Bull trend in 4 Hours and weekly maturity.
Transaction Direction: Long(Buy)
We have said before that the 1620 support level is important in weekly and monthly terms.
Weekly
When we examine the weekly Maturity price chart
The price is now supported by the 1620 level, but it is too early to say that an uptrend has started in the weekly expiry.
The trick to catching the price up or down is to discover the trend direction.
Before entering a position, you need to determine your trading maturity.
Because the time interval of each trend is different. There are short-medium-long-term trends.
First you have to determine your trading term.(Position-Trade term)
If you are trading in the buying direction with the daily maturity, it will be beneficial for you to have a bull market on the weekly maturity.
Example
Item: XAU/USD
Trading Due: 1 Hourly Cahrt
Recommended : Bull trend in 4 Hours and weekly maturity.
Transaction Direction: Long(Buy)
We have said before that the 1620 support level is important in weekly and monthly terms.
Weekly
When we examine the weekly Maturity price chart
The price is now supported by the 1620 level, but it is too early to say that an uptrend has started in the weekly expiry.