TradingView
Ldavies27
May 28, 2019 9:03 PM

Trading Momentum in phase 2  Long

Australian Dollar/U.S. DollarFXCM

Description

Trading session: UK, London Open Trading Approach: Top down analysis



Trade Details

D1 - Context ( Understanding the bigger picture)

4H - Having a better understanding of where we are now (Price action)

15 min - Trade Execution timeframe


Knowing that you can trade the smaller phase 2 when looking at momentum and knowing they give you equal opportunity's, not just from bigger Phase 1 Moves.




Key
Phase 1 - Main move in price action
Phase 2 - Correction - Period of consolidation - Or even a pullback.

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d1
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d1
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Comment

AUD/USD is the incorrect chart, trading view will not allow me to change this.
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