1. MA 8 crossed MA 50 2. Support broken 3. retesting support that became resistance (fib golden zone) 4. If it cannot break above you know that it is a downtrend 5. enough confirmations
Simple break and retest strategy
I hope you like it!
Comment
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Hello everyone! Just wanted to say... If it does something weird that you didn't see coming, close the trade at breakeven or with a small loss. Never forget we need to improvise the market!!
I broke down AU as well, here is my multi-timeframe analysis
DKFX40
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@transparent-fx, Thank you for sharing your video. Please if there is something that you don't like about my analysis let me know sir! That's how I can grow at the fastest way. I would appreciate it very much. God bless you!
transparent-fx
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@DKFX40, the only suggestion I have is that you can look at more timeframes :)
hammozac
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I'm liking this analysis. Currently playing a risky move going for the sell gap over the weekend.
DKFX40
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@hammozac, Thankyou! You're right. Nothing is 100%. We need to improvise the market with good managing.