EURAUD M5
It's doing the rounds again. Would like to see it test 1.5015
It's doing the rounds again. Would like to see it test 1.5015
Price Action + Demand & Supply Zone + Money Management 0 replies
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DislikedAUDUSD Keeping the H4 long on this pair would have stopped me out at b/e. Now that it's broken the swing low I'm interested to see how it reacts at the supply/decision point @ 0.7552. If it gives decent bearish pa there I'll sell it if around. I don't usually use trendlines but sometimes dropping them in helps confluence certain factors as in this particular supply level. Not averse to buying it in the flag if it all possible but don't really day-trade this pair so there's minimal chance of that. Usual stuff, watch and wait. {image}Ignored
DislikedAUDUSD H4 Going into the new week H4 is consolidated in a range after a push for higher price. Aside from "false breaks", it can only do one of three things from here, continue the move up, move down or continue to consolidate. The demand zone at the base of the range, (lower yellow line) has been tapped a couple of times and price then failed to push higher with conviction. No bias on that front, just an observation. {image} H1 The BRL "Breakout Reference Line" at 0.7960'ish is better seen on H1. Interested to see what, if anything, sets up here....Ignored
DislikedHi Simond2002 been away for a while nice to be back and see you and your super clean charts.Usually do not trade Eur/Aud but you have got me interested again like the PA waiting to short from 1.49079 {image}Ignored
Disliked{quote} 1 x TF higher; couple of levels to remain aware of. {image}Ignored
DislikedGBPJPY M15 Born out of boredom more than anything else. We'll see. {image}Ignored
Disliked{quote} Closed for a small loss. Not sure what was worse, the boredom of wanting to take a trade, or the boredom of watching this pair oscillate around a 20 pip range. Rationale for taking trade was based on the breakdown of support, which had then been tested on the underside three times before the PA in the flag looked like it was breaking down further. A trade like this "should" go pretty much straight away, and although I'd always put a stop in, some times it's the case to close manually. {image}Ignored
DislikedThoughts on USDCHF anyone? It's in back testing the Daily demand from last October, and the H1 is printing new highs. Too early to gauge whether or not this is going to be a reversal for me but the recent PA may be significant. Will set some alerts and read what happens if, as and when price hits. {image} {image}Ignored