👁️ OUTLOOK
5hr chart:
30m chart:
Context 5hr: Price is looking good and trending above the 10,50,200 EMAs. Expecting price to keep trending bullish to provide opportunities this week.
Validation 30m: Price is currently in re-distribution and needs some time to get back above the 10/50emas to show that money is coming back into the market. Until then I am waiting for this to occur first before looking for longs.
Bias: Bullish but sidelined and needs time to build on the 30m for me to look for longs. However if this occurs this week then I am happy to look for longs and follow price.
5hr chart:
Context 5hr: Price is looking good and trending above the 10,50,200 EMAs. Expecting price to keep trending bullish to provide opportunities this week.
Validation 30m: Price is currently in re-distribution and needs some time to get back above the 10/50emas to show that money is coming back into the market. Until then I am waiting for this to occur first before looking for longs.
Bias: Bullish but sidelined and needs time to build on the 30m for me to look for longs. However if this occurs this week then I am happy to look for longs and follow price.
Comment:
5m chart:
Update: Took a very nice long entry on AUDJPY as price was pushing higher. Really Happy with this trade as AUDJPY is moving as expected!