Hi atheer
your set ups work very well when prices meet major levels, they can be S/R, trend line and channel lines especially in the direction of the least resistance....in a slope bull/bear slow market trend lines and channel line from a 5/15m TF can be also effective like in today price action for EU and GU.....
This is my trend line on the hourly and this is a perfect pin point entry for the 5m TF.
I have read a few pages today, working and comparing with my understanding of TA and I will be reading more. Thank you.
your set ups work very well when prices meet major levels, they can be S/R, trend line and channel lines especially in the direction of the least resistance....in a slope bull/bear slow market trend lines and channel line from a 5/15m TF can be also effective like in today price action for EU and GU.....
This is my trend line on the hourly and this is a perfect pin point entry for the 5m TF.
I have read a few pages today, working and comparing with my understanding of TA and I will be reading more. Thank you.
trading is simple but is simple is not easy.
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