Dear trader.
look at the daily chart.Its Eur/usd daily chart.
Its trend is down and Now on correction.
Look at the chart Major resistance in 1.3990 and support is 1.0456. Price will move within the range for months to yrs till it break the support or resistance. The trend will go correction till 1.2290 or around. But it will take months.
Look I hr chart price is up and up going trend is going to end. trend strength is exhausted, So our policy is sell with stop loss.
look at the daily chart.Its Eur/usd daily chart.
Its trend is down and Now on correction.
Look at the chart Major resistance in 1.3990 and support is 1.0456. Price will move within the range for months to yrs till it break the support or resistance. The trend will go correction till 1.2290 or around. But it will take months.
You described all the points on this topic and your charts very helpful for new traders.
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