on the 1 hour connecting the three highs giving a downwards t line, i suspect price going up would find resistance .73800 ish, what do you think.
smaller time frames aren't my area,
but could you have a look and see what you think? support level at the .73400
all this on the 1 Hr chart..
Arthur_Anderson
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@gremic, Good observation. Price will do its thing, our job is not guessing what its going to do next. Our job is execution and manage the trade as it unfolds.
All what matter to me is stop is at the right place. That is all what I can control. :)
UnknownUnicorn493766
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@Arthur_Anderson, do you start your trades on the higher time frames and work down to your entry points?
Arthur_Anderson
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@gremic, I look at only trading TF. Very rare occassions I will look HFT. All what you want to see is there in your trading TF. Likewise, your SL and TP targets should be based on your trading TF.
UnknownUnicorn493766
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@Arthur_Anderson, interesting strategy, thank you for your input, good luck with your trade..