Trade made simple with easy trend and fibonacci retracement

DEAR TRADERS,

Today i going to tell about easy trend and fibonacci retracement. First u will know market in sell or buy in trend. Then draw a fibonacci retracement from support to resistance "not high to low". Draw sell trend and buy trend and trend break up in 1hr, 4hr, daily and weekly time frames.

This chart shows Sell Trend broke and going to draw a new Buy Trend

Yes, the trend line would have given a nice buy trade, but actually the overall trend is down at the moment, so not sure why you haven't shown the chart up to date. On mine, you can see that the 200sma coming over the top acted to give strength to this buy trade, and traders, seeing the price narrow into the trend line, bought it up to the 200sma where they then sold it again. This gives the complete picture, so although the buy trade up to the 200sma was a really nice trade, it was in reality a pullback up to a resistance level from where it was sold again in line with the bigger trend on the H4/Daily chart. I don't trade EU, but as there was no trend line one could have put in for the sell trade, I would have either bought it when it failed at the 200sma, or waited until the price crossed the 20ema ( red/blue) if trading off of the H1 chart that is.