In time frame day, it looks better what the weekly resistance price will be. I have put an operation sell limit 3 pips before touching the resistance to open the operation, because most of the time I can not be in front of the pc and I have entered the market late.
In daily time frame, the price is fighting a battle between bulls and bears. A weekly resistance is a wall on the road for the bulls so I expect a rejection and generate a new bearish swing. These operations have a 70% accuracy.
This week the price has offered several entries, so I wish everyone good trading.
In time frame day, it looks better what the weekly resistance price will be. I have put an operation sell limit 3 pips before touching the resistance to open the operation, because most of the time I can not be in front of the pc and I have entered the market late. {image}
Ignored
The Euro-Libra, collapsed before touching again the resistance.
NZD-CAD Weekly. Possible short entry, with high potential.
1. Price touches for the 4th time bearish guideline.
2. The guideline and resistance line is at the same point where the price arrives.
3. Bearish hidden divergence.
4. Candlestick pattern indicating exhaustion of uptrend and possible reversion.
With all the above. Would you have a sale operation?
awesome thread, im surprised there aren't more people participating. They must be chasing indicators.
Ignored
I can not blame them, in previous years towards the same, but as no one learns from the experience of others, then we must all burn that stage, in which we believe that indicators are the key to good trading.
But after many hours sitting in front of the PC, we realize that the indicators what they do is to pursue what the price does. It is when we realize that the price itself is the best indicator to get the true advantage of the market.
