Weekly technical levels:
- Use H1 time frame to determine the low and the high price for today, yesterday or the day before yesterday, because it is more precise.
- The best indicator to use in this case is ZigZag’s indicator. In order to be able to insert ZigZag into your chart, you should follow this way on your MetaTrader 4 or 5, then you can click on the third tap: Insert / Indicators / Custom / ZigZag.
- It should be noted that the trend was neither stable nor clear in the last three days as the chart showed.
- Fibonacci in a range trade (it looks like the trend is trapped and going up or down). if you sell or buy for a long term in this period you will go sure for losing your profit.
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.
