I find it amazing that I find NOBODY else on the web other than me talk about Monthly Lines. Well OK another Australian trader does as well but no one else.
Please do this exercise on GBPUSD on the monthly chart. Then have a look at the H1 Chart.
You will see most major consolidation occurs around a monthly open or close line. You will see it takes a space shuttle to leave these lines You will see the best trends ( Iast time I say that word ) are greater when the distance between these lines is wider.
I call the candle leaving the monthly line the "candle with Intend "
See the move on Friday night was obvious, all those higher highs generates stop loss orders below the Monthly Line. Where did they go for easy money ?
WHERE WILL THEY GO FOR MORE EASY MONEY NEXT WEEK - GET YOUR SELLS READY
