1D Chart: Starting to form the dip/recharge zone.
4h Chart: Hoping for some range early in the week heading slowly lower as we continue to form the dip/recharge area on the 1D chart, then a drop to 240 LWMA and goes back up. Just helping newbies see the dips with images,
Blue shaded area are the dip/recharge zone forming on the 1D charts, and on the 4H you can see the dips actually forming. Very important, not mentioned on this post is Supply/Demand areas which are always very important. Just trying to help anyone identify dips/recharge zones and when they will be occurring. This is only one strategy, of course on the dip you could possibly play it both ways.
Yes the 1D is still in downtrend but I will wait longer to enter shorts. I could be wrong and miss because I am not a psychic, but this is a simple method I tend to refer to a lot. I utilize a more precise method on the 1H chart for this pair.
p.s. Yes I know I did not shade every opp, that is not what this is about. See if you can pick the areas i was to lazy to shade.
4h Chart: Hoping for some range early in the week heading slowly lower as we continue to form the dip/recharge area on the 1D chart, then a drop to 240 LWMA and goes back up. Just helping newbies see the dips with images,
Blue shaded area are the dip/recharge zone forming on the 1D charts, and on the 4H you can see the dips actually forming. Very important, not mentioned on this post is Supply/Demand areas which are always very important. Just trying to help anyone identify dips/recharge zones and when they will be occurring. This is only one strategy, of course on the dip you could possibly play it both ways.
Yes the 1D is still in downtrend but I will wait longer to enter shorts. I could be wrong and miss because I am not a psychic, but this is a simple method I tend to refer to a lot. I utilize a more precise method on the 1H chart for this pair.
p.s. Yes I know I did not shade every opp, that is not what this is about. See if you can pick the areas i was to lazy to shade.
Attached Image(s) (click to enlarge)
"What the wise do in the beginning, fools do in the end."-Warren Buffet
