To know the direction of the market is really important to do a multi-time frame analysis.
In Monthly
The price is currently over extended and has reached a important resistance. Definitely we could expect the price to retest the monthly trend line
Weekly
We have a price that is over extended. When price is over extended we can expect a correction. Also, price has created a double top.
Daily
Price is currently creating higher high and higher lows. The price is currently in and uptrend and has created a trend line.
After price break trend line to the downside we can start looking for an entry. Remember to have a good entry with a good RRR we have to look for an entry in a lower time frame.
In Monthly
The price is currently over extended and has reached a important resistance. Definitely we could expect the price to retest the monthly trend line
Weekly
We have a price that is over extended. When price is over extended we can expect a correction. Also, price has created a double top.
Daily
Price is currently creating higher high and higher lows. The price is currently in and uptrend and has created a trend line.
After price break trend line to the downside we can start looking for an entry. Remember to have a good entry with a good RRR we have to look for an entry in a lower time frame.
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