EXAMPLE:
Find out on each day of week, what times more volume or interest is with a certain PAIR. I write down on a piece of paper each day of Trading both day of week and times where a lot of volume is with any pairs. This is so that I can be part of high volume or interest, which moves pairs price action a lot more. It is more difficult trading low volume and sideways price action- swing trading can be done, but cautiously. Money management is key is success trading.
First part of trading this EURUSD pair will be bearish. Price action has made a double top at a major resistance area of 1.2400 (red line). Both PA and RSI are dropping, so for safety and money management, waiting for a pull back up might be wise or a break of noted orange box over current price action to the bear side. That would confirm trend.
Find out on each day of week, what times more volume or interest is with a certain PAIR. I write down on a piece of paper each day of Trading both day of week and times where a lot of volume is with any pairs. This is so that I can be part of high volume or interest, which moves pairs price action a lot more. It is more difficult trading low volume and sideways price action- swing trading can be done, but cautiously. Money management is key is success trading.
First part of trading this EURUSD pair will be bearish. Price action has made a double top at a major resistance area of 1.2400 (red line). Both PA and RSI are dropping, so for safety and money management, waiting for a pull back up might be wise or a break of noted orange box over current price action to the bear side. That would confirm trend.