So i wanted to get back into trading after leaving iml since paying £120 a month is long but it is a very good service and worth it but i had other stuff to sort out.
So i wanted to practise the skills i learnt from iml so i looked at EURUSD on a monthly basis it has had a downtrend for a couple years on the monthly (pink line) and then i went down to the 4hr time frame to find support and resistance of that time frame the blue line and the green lines is the daily support and resistance> in addition on the 4 hr frame i used a Fibonacci chart to try to wait for the level to reach around the 61% ready to place a buy.
So i wanted to practise the skills i learnt from iml so i looked at EURUSD on a monthly basis it has had a downtrend for a couple years on the monthly (pink line) and then i went down to the 4hr time frame to find support and resistance of that time frame the blue line and the green lines is the daily support and resistance> in addition on the 4 hr frame i used a Fibonacci chart to try to wait for the level to reach around the 61% ready to place a buy.