End of the week. Time to look back at what did work and what did not. This is an exercise I like to do every time. Especially on the 4HR chart, because there are usually many opportunities during a week and it is a chart you don't have to be glued in front of it all the time. Here are some of the opportunities I spotted:
AUDCAD. A bullish Hidden Divergence still developing on the 4HR chart. A bullish Regular Divergence pattern on the 1 HR chart, and the AO oscillator just crossed the zero line upwards. I wouls wait for price to cross the dotted trendline and for a strong price action candle.
AUDCHF. A HD pattern on the 4HR chart. Price crossed the dotted trendline on the 1HR chart and the AO oscillator showed a bullish zero line cross, after a bullish RD pattern. We can see a nice upward move aftewards.
AUDUSD. Same type of situation. A HD pattern on the 4HR chart but entry signal is yet to occur. A pair to monitor at the start of next week.
GBPJPY. A clear HD pattern on the 4HR chart and entry signal on the 1HR timeframe as the AO oscillator crossed the zero line upwards. This was a losing trade or at the best a breakeven one if the trader switched to the 5 min TF to take all entry signals.
NZDCAD. A HD pattern on the 4HR chart. The AO oscillator crossed the zero line on the 1HR TF, but I would wait for a strong price action before entering.
AUDCAD. A bullish Hidden Divergence still developing on the 4HR chart. A bullish Regular Divergence pattern on the 1 HR chart, and the AO oscillator just crossed the zero line upwards. I wouls wait for price to cross the dotted trendline and for a strong price action candle.
AUDCHF. A HD pattern on the 4HR chart. Price crossed the dotted trendline on the 1HR chart and the AO oscillator showed a bullish zero line cross, after a bullish RD pattern. We can see a nice upward move aftewards.
AUDUSD. Same type of situation. A HD pattern on the 4HR chart but entry signal is yet to occur. A pair to monitor at the start of next week.
GBPJPY. A clear HD pattern on the 4HR chart and entry signal on the 1HR timeframe as the AO oscillator crossed the zero line upwards. This was a losing trade or at the best a breakeven one if the trader switched to the 5 min TF to take all entry signals.
NZDCAD. A HD pattern on the 4HR chart. The AO oscillator crossed the zero line on the 1HR TF, but I would wait for a strong price action before entering.
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