I think this is a swap point on GBPUSD.
It is going to go to a higher demand lv.
It is going to go to a higher demand lv.
By God's Grace!
Day Trading vs. Swing Trading vs. Position Trading 86 replies
DislikedIt looks to me like a second retouch of a previous supply area. Also, it is against the main trend, which is longIgnored
DislikedI quite like the level. It's just above the 1.5700 round number. Retail love to fade the 00's and put their stops just above.
Big money can get get their shorts filled inside this supply level. Just another added confluence.Ignored
Dislikedover time you learn to combine candles on your preferred time frame chart and have a good idea what the chart would look like on a longer one.
Like I know the 2- 30 min candles formed that pin on the 1 hr. and my vertical lines on the 30 min are 4 hrs apart so you look at the open, high, low, and close , and you can see the 4hr on the 30 min as well.
You should strive to do these things as it will make price action so much easier to see. It will come with time but just as any endeavor, those that practice will learn faster and be better than...Ignored
Dislikedover time you learn to combine candles on your preferred time frame chart and have a good idea what the chart would look like on a longer one.
Like I know the 2- 30 min candles formed that pin on the 1 hr. and my vertical lines on the 30 min are 4 hrs apart so you look at the open, high, low, and close , and you can see the 4hr on the 30 min as well.
You should strive to do these things as it will make price action so much easier to see. It will come with time but just as any endeavor, those that practice will learn faster and be better than...Ignored
DislikedBack in the day all the guys got was the open. close high and low data . and had to draw their on charts or trade from the price
imagine that if you will.Ignored
DislikedI know some are saying they don't like swap level but looky here .....Ignored
DislikedBack in the day all the guys got was the open. close high and low data . and had to draw their on charts or trade from the price
imagine that if you will.Ignored