The weekly chart of the EUR/USD shows a clear downtrend, with the price making lower highs and lower lows. The Relative Strength Index (RSI) is also trending lower, indicating a strong bearish bias.
Traders often fail because they analyze a single chart in isolation. A bullish setup on a 5-minute chart can be a trap if the daily trend is aggressively bearish. Shannon’s approach forces traders to look at the market through three primary lenses: The weekly chart of the EUR/USD shows a