HOW TO TO TRADE LIKE THEM GBPNZD 15MIN entry

So forecasted previously check weekly post, we have strong bearish signs despite the positive slope regression on the timeframes.

So how to trade
As this current positive regression is from the weekly fakeout of the necktie.

Let me explain how regression works and how it’s a valuable leading indicator as we pick our entry.

So regression is a slope indicator, so a projection of price direction. yet a repainting indicators and some ppl don’t rock with these types of indicators. But as with all indicators it’s the method and how they are used.

And the signal traditionally taken from the regression are a weak method.
Let’s go over one of the more powerful ways to use it.

Note there’s a negative and positive side. Traditionally we expect to see bullish movement in the positive and bearish in the negative. But disregard this. What we want to assess is how price behavior is these areas. Ex is we get higher high but lower highs in the rsi in a positive regression this action confirms the divergent and shows a fakeout to the upside. Get it?

Now look
If you seen the weekly post note the trendline as we now see it here. Note how price behaved at this trendline we have several tops within the positive regression!! This is a strong bearish reversal signs and show lack of bullish direction even though the regression is overall positive.

Now I was in the trade at the decline but profit out . So how to enter now.
We want price to respect the regression and attempt to make a higher highs any signs of weakness in the up direction while within the negative regression we can hit that sale.
Ideally I would like price to go back up to the trendline but I doubt it’ll pull back that far as we see the 50ma and the poc is in the way so we can sale off the rejection there for the best price or sale aggressively during the weakness either way with a sl as outline above one will be good either way.


HOW TO TRADE LIKE THEM -