For secondary confirmation i use trendlines. There are many good threads dedicated to trendlines here at ff so i dont need to say too much.
I have also attached template for gbp/chf with trendlines drawn.
As mentioned in previous posting, we are not looking for trendline break. We should be in a trade much sooner than that. So for upward move we use the upper trendline. And for downward move we use the lower trendline.
I have also attached template for gbp/chf with trendlines drawn.
As mentioned in previous posting, we are not looking for trendline break. We should be in a trade much sooner than that. So for upward move we use the upper trendline. And for downward move we use the lower trendline.
Attached File(s)
gbpchf trendline.tpl
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