I did a top down analysis. This pair has been on an uptrend for a while so I’m looking to ride with the trend. I had a trend line break,a double bottom. So I’d be expecting a bullish move or just take my loss
Normally I do a top down analysis from the 1day timeframe to the 15minutes time fram(because I’m a day trader). I noticed an uptrend from the analysis. So I identified key levels,drew my trend line and went to the 15min timeframe to spot my entry and stop loss.
I’m looking forward to trailing my profit or leave the trade with a loss.
