We have been working with a team for 2 years on a system based only on technical analysis and this system is called TrendFollowerStrategy.
In this system, we draw Fibonacci Circles and draw the Resistance (red) and Support (green) Channels using the circles, then we determine the fibonacci levels
GOLD Broke resistance channel now may want to get support and continue
Support and resistance levels work as long as the channels are not broken, but whichever of the 2 channels is broken first, a new trend can start in the direction of the break.
The market acts only according to technical analysis, not with the guidance of twitter phenomena or signal sellers, so our aim is to make everyone love technical analysis and to learn
Please support our new team with LIKE / COMMENT / CHEER
DISCLAIMER: This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
In this system, we draw Fibonacci Circles and draw the Resistance (red) and Support (green) Channels using the circles, then we determine the fibonacci levels
GOLD Broke resistance channel now may want to get support and continue
Support and resistance levels work as long as the channels are not broken, but whichever of the 2 channels is broken first, a new trend can start in the direction of the break.
The market acts only according to technical analysis, not with the guidance of twitter phenomena or signal sellers, so our aim is to make everyone love technical analysis and to learn
Please support our new team with LIKE / COMMENT / CHEER
DISCLAIMER: This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Trade ativo:
Technical analysis works , we are in big profit
Comentário:
I wrote on idea that**GOLD Broke resistance channel now may want to get support and continue** here is the result 130 pips profit
