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analyzing the chart in monthly, weekly, daily and 4h Timeframe to de determine the market direction and the key resistance and support levels.
For trend following draw the trendline, determine the pullback and draw a short pullback trend line, start looking for entry after break of pullback trend line, the entry will be after a higher high in 1h Time frame or 15 Mn Time frame for agressive entry, always use Fibo retracement to determine the possible entry or reversal points
determining main trend, medium term trend and short-term trend, reversal determination, and always entry after end of pullback.
times frames used for analysis are weekly, daily, 4h and 1 H Time frame.
times frames used for entry are 15 Mn, 5mn and 1 Mn Time frames.
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