my idea is that the trend lines of resistant and support are getting closer together, it means that the market is tired of going down, and it is willing to change the trend direction , so the best part is short positions when it is going to touch the support line ( candles go down ) you may buy at that situation,
after all, if the market continiues going upward ( breaking the resistant ) it will hit your buy limit for a long position.
please dont forget to use stoploss.
after all, if the market continiues going upward ( breaking the resistant ) it will hit your buy limit for a long position.
please dont forget to use stoploss.
Trade active:
Goes where I expected ! :D
Comment:
Forecast Was completely Right !