Just wanted to let you all know that currently I'm on the sideline and see as things develope. I will place a small sell order in this box for EURUSD.
Small because of the bottoming ( POSSIBLE tripple bottom ). If price takes it out then trend might change. So that's the reason to take only small position.
Just joined this thread, I too use this method, I draw my levels every Sunday night on the four hour and trade from the daily. I use confluence and price action. My method is to wait, be patient and look for candles at my levels and use two setups, they are engulfing or pin bars. I am in Australia and thoroughly enjoy audnzd pair, and have a stern objective that low volatility in pairs such as this can bring big pips because the action is so clear to see.
Are there many threads dedicated to price action. As this is my real interest,...
