UPDATE: DO NOT HOLD YOUR SHORT FOR TOO LONG. LONGS ARE COMING RIGHT UP AT THE BOTTOM OF THE WEDGE. UNLESS A CLEAN BREAK PRESENTS ITSELF.
WEDGE PATTERN WITH MANY VALID BOUNCES. TRADE THE BREAKOUT OR TRADE THE WEDGE ITSELF?
CURRENT H4 BAR IS VITAL. IF IT CLOSES A PIN BAR, WEDGE COULD BOUNCE OFF ONCE AGAIN. HOWEVER NOT THAT LIKELY CURRENT H4 WILL CLOSE AS A PIN BAR DUE TO SLOW MARKET CURRENT TIME.
STILL, KEEP A LOOKOUT :)
UPDATE: H4
Comments
PriceActionTrading
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Appreciate a thumbs up and comments if you traders have benefited from my ideas. It helps.
PriceActionTrading
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Here we go boys. Are you in any of my AUD trade ideas?
If not, i have only one thing to say.
Too bad...
PriceActionTrading
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UPDATE.
Price respecting the wedge.
Price steadily dropping. Looking to buy around 0.79 - 0.80. Keep a lookout.
Casey_Yeo
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Patience is key in this market condition where prices have been making huge moves.
Naturally people will be tempted to chase on fear of missing out and when seeing others making a lot.
PriceActionTrading
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Yes it is :)
AUDUSD
AUDCAD
PriceActionTrading
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Hi casey,
see this. knowing you are a pin bar trader this may be of interest to you.
H4 GBPAUD
Casey_Yeo
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Thanks PAT. It has shot up now. I only trade daily charts though. Good luck if you are in. Looks good.
PriceActionTrading
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Watch this pair for upside breakout.
Price D1 has closed above 0.8100 last trading day.
AUDJPY has boken upside, broke double top.