So looking at this chart around 4.00pm each day there seems to be a big move happens. The time is now 3.52pm and if my support and reistence are in the correct place. My daily line has just broke and it is now on the verge of a retest. I'm hoping by 4.00pm the market will have dropped back below the blue for a short position. I am very new to this so it could all be wrong lol.
Comment:
SO THE MOVEMENT I PREDICTED WAS CORRECT BUT THE TIMING WAS OFF. IF I MOVED THE ANALYSIS OVER AFTER THE 1.61128 WAS TESTED IT WOULD OF BEEN RIGHT. LESSON WAIT FOR BREAK/ RETEST TO BE CERTAIN OF ENTRY.