Looking at Structure, I advise going down from 4hr TF to 1Hr TF to spot entry,
I digress to say that we have a beautiful formation of respect to structure and I
believe we have a very decent trend Spot here in AudJpy...
We've been waiting for the structure break of this range, and what i mean by
going back down to those lower time frames, is really disecting the entry to retest
after it breaks the mini range that its currently in..
* What you'll want to note are the three swipes to the high on these lower timeframes
as well as the wick in the middle that will signify the fact that supply has been satisfied,
and we're looking for sellers. Buyers are no longer in control of this pair so it is safe to
scalp the entry and average down into your positions and await a week to 2 week long
ride to what I speculate as the most important level of support. 75.50 to 75.00 Price Point
Thank you traders and happy trading!
I digress to say that we have a beautiful formation of respect to structure and I
believe we have a very decent trend Spot here in AudJpy...
We've been waiting for the structure break of this range, and what i mean by
going back down to those lower time frames, is really disecting the entry to retest
after it breaks the mini range that its currently in..
* What you'll want to note are the three swipes to the high on these lower timeframes
as well as the wick in the middle that will signify the fact that supply has been satisfied,
and we're looking for sellers. Buyers are no longer in control of this pair so it is safe to
scalp the entry and average down into your positions and await a week to 2 week long
ride to what I speculate as the most important level of support. 75.50 to 75.00 Price Point
Thank you traders and happy trading!