AU- STRONG DAILY SUPPORT + H1 DIVERGENCE
Dailly time frame : Price is re-testing strong suport area (neckline of multi bottom breakout became support). We are expected rejection from here.
H1 time frame :
- AO divergenece: Price is making lower lower while AO is making higher low => Divergenc => Seller is geeting weaker.
- QM Buy pattern ( Quasimodo) is forming and price is in BUY zone. Let’s ready to buy in smaller time frame
JUST REMEMBER TO MANAGE YOUR CAPITAL WHILE TRADING. NO MATTER HOW PERFECT YOUR TRADING SYSTEM IS, THE WAY YOU MANAGE YOUR RISK IS THE KEY TO BE A CONSISTENT TRADER.
AUDUSD
AUDUSD
AUDUSD
H1 time frame :
- AO divergenece: Price is making lower lower while AO is making higher low => Divergenc => Seller is geeting weaker.
- QM Buy pattern ( Quasimodo) is forming and price is in BUY zone. Let’s ready to buy in smaller time frame
JUST REMEMBER TO MANAGE YOUR CAPITAL WHILE TRADING. NO MATTER HOW PERFECT YOUR TRADING SYSTEM IS, THE WAY YOU MANAGE YOUR RISK IS THE KEY TO BE A CONSISTENT TRADER.
AUDUSD
AUDUSD
AUDUSD
Trade closed: target reached:
Nice entry with R:R 1:2.5