H4 - As long as 125.70 holds (false breaks are acceptable) we can be looking for sell setups. The hidden divergence started turning into continuing divergence – bottom line is, there is bearish pressure. Testing the 125.40 level would be ideal.
H1 - We can see bearish divergence already forming and the price is inside the resistance zone.
in 4H chart:
top of the bearish parallel channel
pullback to broken support zone
61.8% fibo retracement
hidden divergence in RSI indicator
Entry : 0.6705
-Stop : 0.6745 (40 pips)
-TP1- : 0.6605 (100 pips)
-TP2- : 0.6505 (200 pips)
in daily chart:
pullback to broken area and support level
38.2% fibo retracement
this is my introduction to the stock market, and how to use the basic beginner that has a simple & riddled technique of numbers & time place in ones best spot for stocks
IDEA OF THIS/
First thing people should know is what your doing. You knowing what your doing is key to this job/business
Second thing is make sure you are willing & reading to spend the time &...