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In the Monday review I wrote about a good place but no signal. Interestingly, the breakout signal appeared 20 minutes after the entry of Europe, which resulted in a good situation for entering long positions. After reaching the correction, the price gave a feedback signal which is in the first image. As I described before, number one is a new high or low in a downtrend. Two is a breakout of local support which is a signal for us, and three is a correction on which we risk a trade.

The second image is the intersection of the two trend lines that “stopped” the price. Breaking this level may indicate a further increase in the price.


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