Sometimes price will not respect your analysis and thats ok. This is not the time to back away from the pair, but to follow the new movement. In this video, I am showing you how I update my analysis quickly and how I tend to set my pending order for a buy.
AUDCHF and sell area Pendng order sell limit RR 1:5 Disc on!
EURUSD and sell area Detail in chart RR 1:4 Close before news..!
GBPJPY broke key level at 134.68 Price is based SMA 100 and below HVN at level 134.35 which indicates that pair is in distribution phase RSI broke uptrendline We r waiting price to break lower edge of symmetrical triangle pattern at level 133.83 to open short trade It's expected to target the demand zone at level 127.50
AUDCAD broke uptrendline Pair is based below supply zone at level 0.8690 on short term pair is in downtrend Below SMA 100 on H1 frame MACD shows start of bearish momentum Below HVN at level 0.8558 we r waiting support level 0.8524 to be broken to open short trade It's expected to target first level 0.8234 then target level 0.8050
Sharp correction wave ended at level 0.9182 then price rebounded by bullish movement in the short term Price broke downtrendline Based above SMA 100 on H1 frame MACD shows weakness in bearish momentum RSI is above level 50 We r waiting for price exceeding resistance level at 0.9405 top open long trade It's expected to target first key level at 0.9625 then...
False breakout occurred on GBPAUD pair after reaching supply zone at level 1.9754 MACD shows bearish momentum RSI is in downtrend We r waiting breaking support level at 1.9655 to open short position First target will be at key level 1.9418 then second target will be at demand zone at level 1.9187
EURJPY rejected from supply zone at level 121.23 by forming bearish pattern "double top" Price broke neckline at level 120.35 Below SMA 100 MACD shows weakness in bullish momentum Price is below HVN at level 120.18 which indicates that pair is in distribution phase we r waiting breaking support level at 119.89 to open short trade First target will be at level...
Let's take the chance. Trade idea on the 1H TF. Going short Sell stop for 40pip payout. values on the chart
Potential long position forming using Gartley formation. Price currently at a key support area, interesting to see where price goes from here.