Welcome back to my video series. In this video i have covered trendlines, it's important that you understand the basics first before you move onto any advanced.Don't be in rush, trading is a skill that requires patience and practice.
I have linked the video to support and resistance and trading timreframes.
If you have any questions or comments, leave them down below.
Are we going to see a break in channel to the downside yet?
Market in consolidation mode on channel line, could lead to one more rally up or a break from channel.
I am looking for a break downside as that is where the real profit is.
Keeping a close eye on this one...
For observational purposes, trade at your own risk...
With the Pound reaching new highs since Brexit it was clear that eventually it will run out of steam. Bang on a trend line we saw a rejection followed by a spinning top, with a strong candle close after the next 4 hours it was clear the sellers were jumping in. Easy 177 pip trade!