hi all,...
my first attempt at posting this... pls be nice
AUD D1
Blue PTEZ is D1 Black being a W1 PTEZ
Obvious downtrend for a while with this recent uptrend from the lows.
AUD H1 with D1 ZC in background
Green being H1 PTEZ
Late london session aud failed to break the top green PTEZ and fell lower to make the 2nd PTEZ...possible trend changer after the large bear move yesterday. There were a number of attempts higher... but most of the candle body remained within the green PTEZ sub 0.9400. This level was also around the resistance of the D1 ZC. I liked to be short and there was aussie building data out so i waited. the numbers were weaker and the aud started to move lower.. so i went short at 0.9377 (sl was above 0.9400)... if i was aggressive of course could have went earlier.
So its broken the PTEZ and there would appear to be support around 0.9300 looking at daily and weekly PTEZ from the past..
My R/R is 2:1 so looking around 0.9311 but will see how the PA develops.
Keep up the good work Dadas.
my first attempt at posting this... pls be nice
AUD D1
Blue PTEZ is D1 Black being a W1 PTEZ
Obvious downtrend for a while with this recent uptrend from the lows.
AUD H1 with D1 ZC in background
Green being H1 PTEZ
Late london session aud failed to break the top green PTEZ and fell lower to make the 2nd PTEZ...possible trend changer after the large bear move yesterday. There were a number of attempts higher... but most of the candle body remained within the green PTEZ sub 0.9400. This level was also around the resistance of the D1 ZC. I liked to be short and there was aussie building data out so i waited. the numbers were weaker and the aud started to move lower.. so i went short at 0.9377 (sl was above 0.9400)... if i was aggressive of course could have went earlier.
So its broken the PTEZ and there would appear to be support around 0.9300 looking at daily and weekly PTEZ from the past..
My R/R is 2:1 so looking around 0.9311 but will see how the PA develops.
Keep up the good work Dadas.