British Pound / U.S. Dollar
Hello dear traders,
Fereydoon Bahrami, and here is the amazing chart of the British pound. This profitable currency, after experiencing a CHoCH and taking an upward trend, is now ready to provide us with an excellent reward, similar to DXY. In this upward path, I have identified great buying opportunities in this bullish leg, and as soon as I receive the necessary confirmations for the trend to change towards the BOS, I will share them here.
Dear friends, the daily chart is very important for banks and institutions, as the candlesticks on the daily chart do not create significant changes with each large-volume buy or sell, thus masking their footprints. However, if you pay attention to a 5-minute candlestick, if a bank wants to execute all its purchases, it can either rise or fall sharply, similar to a news candlestick, making it easily traceable.
For this purpose, they allocate the main analysis to the daily chart and carry out purchases throughout the day in various time frames while maintaining them until the main daily target is achieved. Therefore, dear friends, the daily chart is very significant, and make sure to gauge stop losses using daily candlesticks while striving to execute the best buys and sells.
I hope I have effectively conveyed the importance of the daily chart to you. My friends, the chart is drawn in a very simple and clear manner so that you can utilize it without confusion. Thank you very much,
Fereydoon Bahrami
"A retail trader in the Wall Street trading center (Forex)."
Fereydoon Bahrami, and here is the amazing chart of the British pound. This profitable currency, after experiencing a CHoCH and taking an upward trend, is now ready to provide us with an excellent reward, similar to DXY. In this upward path, I have identified great buying opportunities in this bullish leg, and as soon as I receive the necessary confirmations for the trend to change towards the BOS, I will share them here.
Dear friends, the daily chart is very important for banks and institutions, as the candlesticks on the daily chart do not create significant changes with each large-volume buy or sell, thus masking their footprints. However, if you pay attention to a 5-minute candlestick, if a bank wants to execute all its purchases, it can either rise or fall sharply, similar to a news candlestick, making it easily traceable.
For this purpose, they allocate the main analysis to the daily chart and carry out purchases throughout the day in various time frames while maintaining them until the main daily target is achieved. Therefore, dear friends, the daily chart is very significant, and make sure to gauge stop losses using daily candlesticks while striving to execute the best buys and sells.
I hope I have effectively conveyed the importance of the daily chart to you. My friends, the chart is drawn in a very simple and clear manner so that you can utilize it without confusion. Thank you very much,
Fereydoon Bahrami
"A retail trader in the Wall Street trading center (Forex)."
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