Based on the analysis of the H4 timeframe, we observe that the price is currently following an upward trend, and it can be predicted that it will surpass the nearest resistance level at 71.660, then proceed to break through the threshold of 73.670. This indicates the likelihood of a strong increase in the upward trend once these resistance levels are overcome.
We finally broke out of that consolidation zone, and JUST when it started looked like the Euro was going to start free-falling...my stochastic started giving me strong buy signals...Right at the end of the week too, which sucked because the best entries to this upturn we've seen this past week came on Thursday and Friday 🤬....
Luckily, by Monday, the r-squared...
Trends are trends ... don't fight them.
You trade by the second, scalp by the minute? Hold by the Day?
Then spot the trend the same way. Fit the R value, closer to "1" the better!
Then plan your price and watch the support resistance moves just fall in line to trace the trend again.
This plan had Rsquared above 0.90 for 21 days. Both the price pattern in...
Hello pro's,
Here we have a typical suport (A) & resistance (B) pattern.
I suggest you to chose your team depending on this guidance:
If zone A gets broken, wait for a candlestick pattern for confirmation then enter into the buy transaction.
Same goes under zone B: If price breaks it, it will surely retest it then wait the pattern confirmation.
In my opinion this...
