After considering the employment and unemployment rate figures of decided to go with H1 on this chart. Looking at W%R, CCI and ADX i believe this will short as its over bought. Which means its due to level out again so it will drop. Keep an eye on this one. TP and SL set.
Looking at D1 for this currency pair indicates its on a down trend with a breakout which I believe will correct soon. Charting H4 I can see a mutated H&S and looking at the last 4 candlesticks I believe this is about to complete the formation for the right shoulder. Look for confirmation and sell when the time is right.
I've been asked a few questions regarding time frames so I thought I'd post this example of what works for me. Today we have EURGBP on D1 - I've marked out 3 zones in different colour. This is a Bearish Trend. You can then see the currency range for a period then there is a breakout on the 3rd attempt of the resistance level. Your idea would've been to buy the...
This Hammer forming at the bottom of this Triangle indicates indecision. Lets await another confirmation candle and a confirmed breakout direction before we enter a Long position.