Hello traders,
after Easter, we share another educational video. Today´s topic is focused on drawing support and resistance levels.
Many traders draw LINES and they think the market will bounce exactly from that level.
The truth is, you can never do that . Instead, it´s better to understand the S/R level as a zone WHERE you can EXPECT some activity.
Nobody...
FX:GBPUSD
Description:
GBP/USD shows strong support within DeMarker indicator (DeMarker was used to replace RSI and Slow Stoch)
MACD and MACz Vwap shows continuation of the bullish uptrend for hourly and daily chart high time-frames
Within opening bell wait for Fractals v9 TUX EMA Scalper and CM_PSAR EM Envelope confirmation for the entry...