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DislikedI have this doubt in the gbpusd and dont know what to do with it....
Take a Look at the GBPUSD monthly Chart and you can tell price has come to a really longterm trendline here. How do you trade this and if you do what do you target.
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This is how this trendline looks on the 4 hour chart
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DislikedDoubts? There are no doubts, you trade it with the same rules. Its an up TL so you look for Long entries.Ignored
DislikedI meant that the "global" trend (my weekly) is UP for example and the local one (4h) is DOWN.
The main problem is the fact that many charts are right at the cross of those 2, than doubts exist.
I think you would advise to wait for a confirmation pattern.Ignored
DislikedThe Long Term trend is up, which is confirmed by that TL. The market make a large retrace to the TL, so now that its at the long term TL, we look to go Long again. Hence I dont see any doubts. If it breaks below we wait on the retrace then continue Short. The Long term trend must be considered over the short term at all times.Ignored
DislikedDoubts? There are no doubts, you trade it with the same rules. Its an up TL so you look for Long entries.Ignored
DislikedYes, I receive your mail yesterday and I replied. You can start on page 1.Ignored