I like to learn about future trends from past ones. Could this be a method to predict a weekend gap, or even further, predict Weekend bews about a certain currency. Drop your thoughts and comments plz. Thanks in advance.
Green trendlines are support trends that became resistance or vice -Versa. Reds are channels followed. I found here that intersections are very powerful indicators of where the trend might be headed, so thought I might share so that everyone in the community learns too.
It looks good. I still need help though. Leave comments. Thanks in advance.
uptrend bouncing on fib 618 buy now and tp @ 1.325 sl @ 1.315
off to next resistance buy and tp around 1.2393 fits well within fib
update to my last idea. last idea was only with the reversed cup with handle, I zoomed out and found a support trend line so I though about sharing that too.
buy @ 1.2427 fib 0.618 upward trend I wouldn't suggest it, it's against the bigger trend
fibonnacci 0.236 reversal, EMA and SMA about to cross to reverse to uptrend
place stop orders @ 1.309 and 1.311. It will most probably continue to uptrend but place both stop orders just in case it decides to reverse
Many confirmations always wait for crossing consolidation area anyway, make a buy stop order above resistance