Hi mate.
Thanks a lot for your reply I really appreciate the help. When you say lower line do you mean the yellow line should be lower? For reference, the yellow line was drawn on the daily chart so it extends out from a previous daily swing low.
Thanks again
Alex.
I've been using a combination of support/resistance levels, stochastics and MACD on the 4-hour timeframe. Currently using a demo account as i'm new to trading. I like to trade ranges as this seems to be relatively simple. What are people's thoughts on this approach?