Репост из: Traders Club PRO
Let's go back to the LESSONS and what is happening in the market)
📍Theme: #EURGBP 📍
on the weekly chart - sideways and the target to 0.8410. It is no longer possible to sell by signals on the weekly chart, the price is close to support. We cannot buy, there is no signal.
On the daily chart - 03/29/2021 an attempt to break through the support for February-March and a rollback up. On the daily chart, there is a candlestick with a shadow below. It's a hammer. Reversal candlestick.
On Н4-Н1 - there is no signal for an upward reversal and there is no buy now.
———
❓What is missing for a buy signal and an upward reversal on the H1-day chart? The beginning of the rise in extrema on the m15-m30-H1 timeframe.
.......
for intraday work, in order to quickly recognize a reversal - we use 200 EMA
But - now we are not looking for a moment to buy. We still have a weekly target💰
📍Theme: #EURGBP 📍
on the weekly chart - sideways and the target to 0.8410. It is no longer possible to sell by signals on the weekly chart, the price is close to support. We cannot buy, there is no signal.
On the daily chart - 03/29/2021 an attempt to break through the support for February-March and a rollback up. On the daily chart, there is a candlestick with a shadow below. It's a hammer. Reversal candlestick.
On Н4-Н1 - there is no signal for an upward reversal and there is no buy now.
———
❓What is missing for a buy signal and an upward reversal on the H1-day chart? The beginning of the rise in extrema on the m15-m30-H1 timeframe.
.......
for intraday work, in order to quickly recognize a reversal - we use 200 EMA
But - now we are not looking for a moment to buy. We still have a weekly target💰