TD DEVJun 30, 20201 min readAUDUSD Analysis on Daily ChartComments on Chart.For short term trading analyze smaller timeframes such as 1HR and 4HR
That " No rectacngle r1", has nothing to do with resistance, it's another indicator with I created where you draw a rectangle of a range and it will alert me when price breaks either up or down.
on the top right hand corner it says no rectangle r1, is that to say that no resistance zone has formed yet?
Yes, it is wonderful to see how you can pick up these future possibilities with your system
But, every time it touches the bottom of the 1HR range there is buying coming in look at the individual volume bars
I am short too , Samit.