Alright, folks, let’s take a closer look at our charts. In the daily graph, we’ve got the DSS oscillator showing signs of an incoming bullish trend.
Moving on to the 4-hour chart, the momentum oscillator is pointing towards an upward swing, even when the price is moving sideways.
Now, we can’t make any hasty decisions here. It’s important to wait for a clear direction from the higher time frames. So, let’s jump back to the DSS oscillator on the hourly chart. We’re currently in a bullish trend, but we’ll wait for a brief bearish trend before entering into a transaction during the rising wave of the DSS oscillator.
This is the way we roll – calculated, carefully managed transactions that are supported by several time frames. Let’s go get ’em!