In my previous blogpost I wrote about confluence of trendlines.If you look att botten left corner of chart and consider trend lines in magenta "clockwise" :First line is determined by candles at bottom and confirmed by next significant low.The following line is a "suspension bridge" a very powerfull formation.The third line is a "lever" which does the confirmation.The fourth magenta line is another confirmation.
This analysis brought me 74 pips in traders contest as per today.
This analysis brought me 74 pips in traders contest as per today.