Gbpaud
Updated
this is the 4 hour time frame , the lines drawn here are important because they have hit multiple candlesticks and wicked in those areas meaning they could potentially bounce off those areas in the future and either buy or sell.
If we see a wick in any of those areas then we know the direction.
For this we wait for the wicks to form to show true price action movement to determine direction.
If we see a wick in any of those areas then we know the direction.
For this we wait for the wicks to form to show true price action movement to determine direction.
Note
Clear wick on top trend line showing the market is gonna go down and it did, looks like it could go to the horizontal trend line now and if it wicks there then could be a buy
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