key area
I don't use indicators since they lag. plus too much on one screen makes you less confident I feel
I use only price action and fundamental analysis. plus I only trade GBP/USD. it makes life so much simpler just looking at one pare as you will know how this pare will most likely react in the future with experience.
like I said before we are in long-term uptrend/ but we will experience sharp drops/
due to lack of confidence in vaccine we have seen a drop. but our retailer stores are opening from Monday so lots of consumer spending/ and vaccine rollout to continue.
so....
break/close above resistance then look to take profit at next level you feel price will die down at and opposite for break/close below support
with my strategy you are less likely to lose money since you are waiting for confirmation at each level.
I use only price action and fundamental analysis. plus I only trade GBP/USD. it makes life so much simpler just looking at one pare as you will know how this pare will most likely react in the future with experience.
like I said before we are in long-term uptrend/ but we will experience sharp drops/
due to lack of confidence in vaccine we have seen a drop. but our retailer stores are opening from Monday so lots of consumer spending/ and vaccine rollout to continue.
so....
break/close above resistance then look to take profit at next level you feel price will die down at and opposite for break/close below support
with my strategy you are less likely to lose money since you are waiting for confirmation at each level.
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