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DislikedHi Geppyg,
Please see my attached chart for AUDUSD 4H.
Please correct me if my analysis is not right. what I see is:
- 4H trend is down with price currently challenging UTL of lower channel.
- the 61.8% retracement of .8735-9325 comes in at .8960ish.
- Price has been rejected twice from supported turned resistance at .9091 twice in 2 days
- a clear break of .9091 will target upside at .9170 (support turned resistance)
- if .9091 holds, we are in for a ride down towards .8960 in next 6-8 4H candles (a day or two).
- A close above .9100...Ignored
DislikedLook at this lovely post..
If you carry on like this you will definately be smiling in the next 5-10 months....
Very good charts...I will start posting again on my own thread but there are some issues with full time posting as it interferes with current services if you know what I mean but will try my level best....
Well Done Puks
I wil try and post for a couple of pairs tonight...Ignored
DislikedI am currently long based on the charts from 9020.. with a 15 point stop at 9015.. My Scalp Target is only 20 pips...
Good Luck
GeppygIgnored
DislikedThis looks like a solid trade to me with a very good risk reward,
I will buy UJ on the next dip and stops around 89.70....
Good Luck
GeppygIgnored
Disliked1st Trade in on UJ@ 90.19 with a stop at 89.70 according to the chartIgnored
DislikedHi Geppyg - isn't it funny what a H4 chart will do to us in terms of perspective?
I am short at 1.4721 (H4 open under TL) stops at upper white line TP at lower white line.Ignored
DislikedI am failing to understand your chart...mate..as my Trendlines look nothing like yours..hmm
Are you trading a 4 hour chart..or another time frame ?
RegardsIgnored
DislikedSorry Geppyg - should have clarified - I use "Mouteki" otherwise known as "Level 2 Tom Demark" trendlines. Each supply/demand point must be a fractal and you read the chart from right to left looking for only the most recent information to draw your lines. This gives a fully consistent - quantified method to draw trendlines - i.e. it eliminates subjectivity.
Trading H4 only on this pair.Ignored
DislikedWaiting to place a long probably about 1.4728..
Lets see..
Thanks for taking the time to post your charts and trades...Ignored
Disliked1st Trade in on UJ@ 90.19 with a stop at 89.70 according to the chartIgnored