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hi budak, what is your "view" about eu ?

salama kenal.

Eu stil in daily cluster.im waiting for breakout and retest.

We are in some interesting PA with the EU right now. I will be treating it as range-bound then someday I will take the retest of a breakout as well

We often see the gap (gap) on the market. There is little difference between the spot (forex) market and other markets such as equity (shares). In the equity market, a centralized market because their characteristics and have certain hours of operation, the gap often appears at the opening bell everyday. While the forex market operates 24 hours, the gap generally occurs early in the week or early the first week of the month / year. Gap Starter In an uptrend, the novice is called gap up or gap jump in the price of which soared above the opening price candle / bar high before. This gap occurs after a strong rally lasts. The cause is the action of buying the starter where the professionals just to avoid to make purchases after prices rose to very strong. And it is unlikely they will be buying after a gap up. The main cause why the action and purchase a beginner, it is usually caused by fundamental news that may be perceived good news for certain instruments. Law of supply and demand will make the beginner is almost always in a position to lose if they continue doing this sort of thing. Typical of the gap up a beginner is going on around the area of ​​supply (resistance), which marks the end of a rally or uptrend in the time frame observed. Gap up like this ever happen starting a down trend. Consider the following illustrations:

Similarly, the opposite occurred in the downtrend. If you see a gap down, this gap should be cautious due to the action usually occurs when the originator selling price decline (down trend). Gap-down that occurred in the area of ​​demand (support) is almost always marked the beginning of an uptrend. If the gap up in the supply area, the pros have the opportunity to distribute a short position, then the gap down in the demand area of professional operators will begin to accumulate long positions. Let us look at the AU where there are gaps to describe the type of gap year starter at the beginning of the year.

AU jumped look at the market opening (magenta circle 2), and the gap up that occurred was at the peak area of ​​supply (resistance). Note also how a few days later the price moves around this area alone. These statements, and the opportunity for operators distributing pro short position. Do not think that after the price touches the resistance, then it must come down. Not so easy, especially if we look at the big frame. Institutional orders in large quantities is not as easy as it carried. The operator must maneuver the entire order is held for the area / level of detail to the execution. This can take several days and even weeks. But in the end, after the distribution takes place, prices will shift the equilibrium and begin the process of downtrend. How long downtrend that will happen, all according to how large imbalances (imbalances) occurred. Despite the interest of our trading, we can only predict that the downtrend will last until his next area of ​​demand.

In contrast to the gap caused by the action sale / purchase of a beginner, the professional doing the opposite. In an uptrend, especially when the price is in the area of ​​supply (resistance), the pro will take action to sell in large numbers causing gap down at the time of opening. This was done in order to make other market participants do not have the opportunity to take a favorable position, while the stop loss is usually the buyer is a beginner. Back we use ac chart and observe area magenta circle (1), these examples pro gap at chart below.

Otherwise even this process can occur when the down trend in the area where the price is demand, then the gap opening up on the week.

Conclusion:
1. Do not be hasty OP Buy now supply gap up in the area
2. Do not rush when OP Sell gap down in the area of ​​demand
3. Analysis of area S / D to prepare for the OP buy up the area if the demand gap.
4. Analysis of area S / D to prepare OP Sell if the gap down from the supply area.

latest update....

Good work like always Budak! Keep it coming!

hi budak,

could you please check pm?
if you have time, could you analyse au /usd ?
thanks in advance

Are you looking at the bigger picture? It wasn't wise to be selling euro after it reacted strongly off daily demand back with the weekly trend.

yes true.got stopped out last night.its ok as long im following mm.

bought at retest.

not touching this pair.but in my view aud will go strong as long china economy doing good.

thank you .
good trading...

retracement before continue bullish.sold to 131 area.

hi budak,

this is eye opening for me..
learnt a lot.
please keep this thread alive...

thank you and good trading

Hey,

Keep it simple is something I live by. In trading just follow important support and resistance areas. Any time frame will do...

The best to you

Dane

THank guys....

analysis...