Forex (All Pairs)

Was away for a moment; I see it crossed the upper line. 400p in there, not bad for the time being.

Going to wait for a H4 small body. New one to be ready within 3 hrs time; maybe.

Hourly

H1 to end in small body.

It seems we're now going to get what we were looking for. A kind of doji on H4.

I'm running gold with 3 different brokers but not two of them display the same situation on H4.

I'm not going to watch it any longer, see you.

This morning's setup on H4

Pretty good one; was still in bed then;


500p

Something you should watch closely. Look at the two charts and note the difference between the two setups on H4 and H1 at the same spot. In the case of H4 it's ready to break into NML but on M30 its far off the mark, but that is very good because you have solid confirmation that you're on the right spot to enter.

Note; I have changed the wording, correct some nonsense I've uttered at first.

I guess you're fully educated now. So, there is 3 things to consider when doing a trade:

1) Find the level to break
2) See that it ends up with candle 6
3) See that you have a signal and also look for confirmation on lower TFs.

And please watch for a retest of support which may give a good opportunity on lower TFs to enter again for a second ride.

I'll be away this morning but will be back before NFP or maybe earlier.

I've got something more to add about the 6 candle count; will do it when the time is right. See you

EURCAD appears strongly bearish at this stage, with price action showing continued downside momentum. I’ve set my profit target at 1.6000 and will be monitoring for confirmation along the way.

Okay here it is; watch this post and the one after this one.