i entered 3 trades on aud/usd last friday that are working fine. i believe price will hit the 1.0600 area which is my target. i also think, there is another bar that will be forming triggering a reversal to the up side..let's wait and see
Ignored
if i see a nice pullback to 106570, im in until 105900, i see a reasonable amount of support down there atm
Good luck to everyone for this coming trading week !!! Nothing really set me up for any trades on Monday. I am anticipating a small retracement movements like what friday is, break even trades. I will see what are the possible entry in about another 9 hours again. Its monday blue !!!
im seeing a "possible upmovement" for audusd where it has already hit the bottom of a temp trendline. Meanwhile, a down for gbpusd and maybe a little upwards for eurusd before seeing more movements down.. but i dun really like this signal as i would prefer to have the same direction for this 3 pairs since they are all against usd.
dk, u gonna tink it will be a slight retracement upward before mega downward movements?
I echo your sentiment on Eur/usd, although i have a slightly different take.
Congrats on your thread. A lot of good analysis, backed with common sense.
Nice call again dk! Grats on taking profit on audusd! Im looking at gbpusd movement as well. But just dun feel good with any entry. I will keep to monitoring as of now.
doesn't matter, the gap is visible on daily 4hr and 1hr. the gap has to be closed. It doesn't have to happen immediately, but in this case price stopped falling and therefor I expected the gap to be closed straight away. now up several pips. the tp is slightly less than the lowest price of friday, just to be safe and take care of spread.
Trades based on Market Geometry and Price Action
