Diagonal Trend Lines Plus the Best Indicator? Part 2

Sorry guys, I just can't resist talking about the charts I put up yesterday. Yesterday I put a progressive series of charts using the GPBUSD pair on the DAILY time frame.  The reason I used the DAILY chart is because you get all your trading information from it and then you make your trades based off the information you get from it.

The last chart I used showed a diagonal trend line and a horizontal resistance line. Here it is for a reminder:

As I have stated several times in other posts on this blog, once a candle crosses and closes past a diagonal trend line, normally I will enter on the opening of the next candle. In this case we need extra confirmation due to this being a DAILY chart and the trend is down and could easily drop even more. So I said we needed to add an extra confirmation and it needs to close past the horizontal resistance line...so let's see what happened today.  New picture...

It looks like price spiked up today and then dropped a little.  But the key point here is that it crossed and closed past our diagonal trend line and then hit our horizontal resistance level.

It needs to close above that horizontal resistance level and then it's off to the races for a very nice pullback before resuming its downward course...BENEFIT   FROM   IT.

BTW, I am not telling you what to do. I am showing you how I read a chart and teaching you how I do it. I will tell you this; open a demo account and practice trading with Monopoly money before you use real money.