4 Questions To Verify Before Taking A Trade

Ask Yourself 4 Questions before taking any new trades? on attached 1 hour chart

1) Pair Traded? GBP/AUD
2) Price Traded? 1.78900
3) Session Traded? LON/NY
4) Time Traded? 6 AM to 7 AM PST

*Before Taking any new trades!

Also, note on attached hourly Gbp/Aud chart:

1) Bollinger Band- Price is at lower edge of band (or might be oversold?)

2) Volume- Simple volume indicator shows a spike in bullish volume at beginning of New York session

3) Candlestick- Hourly candle from 6 am to 7 am (after NY Stock exchange opened) showed almost 100% buyers being in control of this pair now.