There are some of you that are learning and others are not. For those who are having problems - all you need to do is study, study, and study. Eventually a light bulb will go on. It is like going to college working for a masters degree. It does not happen over night. It takes time.
On your Daily chart take note
Last week it had created a new low with the Fibo flipping for the up. The Fibo is a very good source of information for entries and targets. This up had hit the 38.2 resistance of the Fibo and bounced and did so again yesterday; and continue down for the Smooth support and also the 23.6 support of the Fibo and bounced again.
On the 1 hour it got below the ROMAR support and became resistance. It then created a new low and turned. But also take note of ROMAR sliding just under EMA. It did not cross EMA so the trend is still up. With this new low there were three entries going up. 20 - 40 pips depending on entry.
The 2 hour is still under EMA for the uptrend which means that 2 hour candle had broken the rule and must return back to trend on retrace; or on the next candle.
On your Daily chart take note
Last week it had created a new low with the Fibo flipping for the up. The Fibo is a very good source of information for entries and targets. This up had hit the 38.2 resistance of the Fibo and bounced and did so again yesterday; and continue down for the Smooth support and also the 23.6 support of the Fibo and bounced again.
On the 1 hour it got below the ROMAR support and became resistance. It then created a new low and turned. But also take note of ROMAR sliding just under EMA. It did not cross EMA so the trend is still up. With this new low there were three entries going up. 20 - 40 pips depending on entry.
The 2 hour is still under EMA for the uptrend which means that 2 hour candle had broken the rule and must return back to trend on retrace; or on the next candle.
The Dove - Forex Trainer
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