The One: Price Action and Reaction

Video

Continued symmetry and geometry on AUDUSD

Lets see

Thanks for contributing, nice to see you making progress brother. All the best

Why would you have a bearish bias if the fork is up? start to have a bearish bias when price comes out of the fork brother.

Another way to see it using support resistance

Down side played out

also consider horizontal market structure

Well we were up near prior highs so a reversal seemed possible and I've been trading fork failures quite well the past few months (a hammer that can make everything look like a nail?). More than that I'm in the UK and somewhat depressed by the whole Brexit thing - I have a small business that has only really seen a return to pre-2009 levels of sales in the last 6 or 9 months and now another recession looks likely - so somewhere in my head there's a little voice saying the world is coming to an end ;-). It was looking again at that chart I realised what was going on in my head and stepped away again - I stayed out of everything second half of last week and will start fresh on Monday.

B

North engulfing PA earlier off the sliding parallel. Then south engulfing PA after finding H1 supply and meeting median line objective.

Excellent. Price failed on downward Median Line, then rose back into the blue one that I had drawn earlier, and gave several chances to go long, but yours is prettier Winston.

If you just draw and pay attention, you can start to spot entries and exits.

Bigger fork showing some potential.

Excelllent. We may have to schiff it lets see

euro 5m

may drop farther but manual close at symmetry, off to rest a bit

Hey bro, nice thread, nice video, good use of fib. inc the expansion there!
This is my first post on FF in 11years of trading.
This is just a chart for you, ealestar, to show you the fibs, ML and ichimoku ; like median lines ichimoku has a median price (equilibrium) : 2 Powerful systems combines.

Price off the cloud then into a modfied fork, you can call it "Smith modified" I took profit from the long on the 50%(to upper parallel) of the modified fork, but t was also a std andrews Median line CL hit on 5m, with a quick look at orders and just plenty of offers there that was enough to get me out.

Next big resistance sellers on 1.1150/62/70[ supply, sellers noted on 90 too, stops above within range 1.1180-95 So I will be looking to catch that just under 1.1200 if no buyers then with no one to trade with in NY will prob just sell to a few retail buyers under 1.1200 taking dealers taking stops.(retail short stops - which will trig a buy orders for client and sell orders for dealers)
You can achieve relatively similar success just using Andrews Median lines and ichimoku & doing the S/R thing on fib levels. You can still get stopped out by useing a tight stops, but you can re-evaluate and don't be afraid to re-enter.
Today Price supported by ichimoku today with bids on top of kumo (cloud) trading range 1.1104-40