DislikedJust to remind me for this coming trading week, which way to trade...what to lookout for and which strategy to use...that's the function of the following 4hr charts ...feel free to contradict, agree and/or ask for explanations while i'm online. the first 3 charts are for the GBPAUD, EURAUD and the Loonie. note: nothing is random, each chart colour and x's and lines are all there for a specific reason, thus when i look at any one of these 4hr charts, it comes alive...it tells me a story. the last arrows on the chart shows anticipated trade direction...and...Ignored
some pairs have gapped-up and others have gapped-down thereby confirming their specific higher time frame trends {read monthly trend as per this method}.
as such i find it prudent to wait until current 4hr bar close before deciding on trade direction. the yellow X's on the charts indicate anticipated direction.
thus far the Loonie looks good for longs.