But the Daily charts, It’s “BUY” signal
I’m so confuse I’ve started forex 6months but this is the only problem i have, can someone please save me whole life of my future
But, when in doubt place a buy/entry order (not a market order) and wait for price to come to you. If you had set a buy order at 89.565 then it would have been picked up, whereas if price had gone the other way, as you predicted on the 4H then you would have a better price to get in at a later time.
I like this approach. None of my trades are opened live, all are through pre-set orders.
(These are almost all off the D1 chart and for a long I want to see a breach of a previous day’ high, for a short I want to see a breach of a previous day’s low.)
For me right now GBP/USD has no trend so I won’t be taking this one. But there is opportunity - it could recover dramatically back towards prior highs. Thing is, nobody knows whether it will do this or whether it will continue to fall or whether it will go a little higher and then continue to fall. So for me this chart tells me nothing about probability.