These 3 charts helps us understand how to use a 4H chart to find a trade, how to use a 30 m chart to find the market timing as not to enter too early into the trade, and the 5m chart to find the best entry point to give us the best risk to reward entry.
Macd helps us to find direction and reversal points from the Macd being over sold/bought from the stochastic...
We are going to study over the weekend how this pair moves.
We have a 4H - 30m - 5m chart opened.
We are going to study how price moves around our 50/100 sma
We are going to watch how the macd moves around the macd 0 level line and
the stoch 20/80 levels - blue dotted lines
The 4H is in-between the 50 and 100 sma. This I call an inner range. it has no...