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...
After watching this chart for a while and marking up some basic tech analysis understanding what time the big moves where breaking out and how long they lasted, I predicted the price would rise for a long position. That it would ride all the way up to my blue support then drop. I placed a buy at 10pm ish at 1.59775-sl @ 1.59488 and tp 1.60222 my tp was hit AT...
After following one of sam groth videos I attempted my first tech analysis and marked up chart from 1m to 1d with supposrt and resistence and trend lines. Based on the lines I have added, I think there is a strong possibility of a buy opportunity if the daily resistence line is hit and tested with a pullback. If this is the case I will enter a buy later tonight...
I think this could go either way. I am looking for a retest of the green trend line and then either a buy riding up to the next hourly resistence line or a sell down to the support then a restest of that and then back up on a mini bull back up to trend which is probably more likely.
1 OF 3 Moves may happen here. It may hit and retest the trend line and go on a big bull run. It may pullback on the resistence of the trend line and then short then test the hourly (green) and then short again. It may even retest the trend (blue) short then retest the green and then consolodate along the trend (blue) then either big short or big long. 2nd lot of...
