What would you have done here? if Fake helpers stay out of this thread!

THE BLUE LINE IS THE TREND LINE !!!

THE RED LINES ARE THE SUPPORT AND RESISTANCE !!!

are you going to be the slightest bit specific about what you are asking? Or are we supposed to understand because you use a lot of exclamation marks?

Dude what do you want explained.

It is about predicting where the price is going.

Maybe you need to learn a bit more before you try to help others :wink:

I would consider the bias of the market to be short if price moved past the immediate line of support you have drawn. That would only be a bias however, does not infer that I would necessarily enter into a trade.

right… so your posting this under trading systems why?

good luck. sounds like you may well need it.

sadly enough for you this is a trading system :wink:

In the situation that you show I feel it would be best to wait for PA to give a clear to go long. At the point you are talking about price is still making LH’s, so there is no indication that a long trade is yet imminent. Price could still be retracing and easily take out a stop placed below the current support line you have drawn.

Instead of predicting which way price is going to go, I would wait for price to cross one of those red lines. See if price closes at a new level, above the first red line it crossed or below the first red line it crossed. Then you’ll know.

Look at the price [tag] to the right.

1.3648 = prev. day Hi

1.3642 = today’s open

PA is testing 1.3648

[B]if[/B] 1.3648 break & after retest as support = Enter LONG on 5m

[B]if[/B] 1.3648 stays resistance & retest = Enter SHORT on 5m