Hi Everybody,
Here is a good example of how to use the larger degree trend on a FOREX example, the GBPJPY.
This is a 240min chart. Where you can see how the GBPJPY was declining off DP resistance, down into DP support, so the larger degree trend during this time should have been considered as down.
OK, now let’s take a look at the short-term 60min chart.
Steve
Here is a good example of how to use the larger degree trend on a FOREX example, the GBPJPY.
This is a 240min chart. Where you can see how the GBPJPY was declining off DP resistance, down into DP support, so the larger degree trend during this time should have been considered as down.
OK, now let’s take a look at the short-term 60min chart.
Steve
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