I had fantastic Q2. I am reviewing my trades and taking notes. If you don't have a journal, please do. I use evernote for it. It's awesome. So, we are starting Q3. There are some interesting charts. I will share as set up emerges. Let's take a look at AUDUSD.
Monthly:
Macd is crossed up. Weak TK cross. TK will provide support in future now. Chikou is coming into price.
Weekly: Bullish. Chikou above price and price above cloud. Macd is up. There is some resistance at current levels as you can see in the chart
Daily: Bullish. Price above cloud. Above TK. Chikou above price . These setups are best traded on daily rather than 4h. Instead of capturing few pips here and there, focus on big trade and focus on building a position which is multi week trade.I am trading it only on daily. I was long when price tested daily cloud and bounced above tenkan. I am holdin it till trailing stop is it.
Target is open. Ride the trend till it ends.
Pretty simple analysis. Nothing complicated. You put on a trade and let it do it's thing.
Happy trading.
Monthly:
Macd is crossed up. Weak TK cross. TK will provide support in future now. Chikou is coming into price.
Weekly: Bullish. Chikou above price and price above cloud. Macd is up. There is some resistance at current levels as you can see in the chart
Daily: Bullish. Price above cloud. Above TK. Chikou above price . These setups are best traded on daily rather than 4h. Instead of capturing few pips here and there, focus on big trade and focus on building a position which is multi week trade.I am trading it only on daily. I was long when price tested daily cloud and bounced above tenkan. I am holdin it till trailing stop is it.
Target is open. Ride the trend till it ends.
Pretty simple analysis. Nothing complicated. You put on a trade and let it do it's thing.
Happy trading.