Technical Analysis EU 6 March

to determine the price trend, a trader should look bigmap of an instrument to observations.

the monthly TF, condition strong down trend, it is indicated from the MA weekly that comes out from the normal (sd-1) monthly BB

the weekly TF, condition weak up trend or see any buyers at the weekly TF, but the buyer has not seen significant strength

by the second TF above, it can be concluded that the prices is still experiencing consolidation, the trend is still down trend magnitude


Have a nice trade
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