Dear Traders,
Here is an example of the analysis I am doing every time.
The black line is my Monthly zone which in this case represent a strong level of resistance. The zone has been tested few times but not to much to show me that level can still hold.
I am not entering blindly but rather on a daily signal or H4 (not below), if the market shows a strong bearsih reaction, I will likely enter on a retracement.
Hope this analysis is clear and you like it.
Happy trading
Here is an example of the analysis I am doing every time.
The black line is my Monthly zone which in this case represent a strong level of resistance. The zone has been tested few times but not to much to show me that level can still hold.
I am not entering blindly but rather on a daily signal or H4 (not below), if the market shows a strong bearsih reaction, I will likely enter on a retracement.
Hope this analysis is clear and you like it.
Happy trading