From time to time, I can read comments from traders that Technical Analysis is BS, and it doesn't work because of fake signals. I also know traders who don't believe that simple tools can be profitable in the long run. That's why they prefer to use the complicated trading approach as EWT, multi-timeframe analysis with a wide range of indicators and etc.
I want to show you the situation where the zone between 1.63200 and 1.63300 levels could give 10 profitable trades and tons of profit.
It is the approach when you use support and resistance levels or zones in combination with the price action. That's all! It is a trading approach that can be used in any market and timeframe. It is the approach that can be used by newbies traders without any problems.
If we talk about the magic tools, they are definitely the simplest tools of Technical analysis! You just need to use them properly, and for this, you must have the right knowledge and experience.
Don't invest your time and money in useless trading signal services. Invest your time and money in yourself. And in some time, you will be able to catch such trades from the example above.
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