DislikedOk guys, trading results for the week with 7 trades. Profit of almost 1.5R. big dud on EC so will go look at that again and see why I took that trade. Have a good weekend. Update:- Poor entry on the EC. I figured it was going to reverse at the 89 but it spiked up over the 365 before coming back down. My SL was just near the trend line. {image} {image}Ignored
In the D1 chart, the market is lateral, it formed something that looks like a double bottom, but it is not because this pattern only appears at the end of the trend.
With the positive divergence I would think to buy, but it is so lateral that it would not be a reliable purchase until the other side of the consolidation.
I couldn't imagine the trend line in the H4 chart, what I could do was the line in the second figure.
In a projection for purchase the price would go at least until 1618 and after the consolidation between the blue lines, it would go down or go up again.
There was a dirty shadow over there.
But observing the daily chart would not enter that currency.
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