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My thoughts on AUDUSD, GBPUSD, NZDUSD and XAUUSD. What do you think?
Explained in video rationales for Long entry on this pair.
Looking to add onto my current trade with another opportunity. Oil seems to be setting up for a bullish run. Just need the proper fundamentals from the OPEC meeting this week and the confirmation from Daily and 4hr.
What an absolutely beautiful call on this trade idea. Price action came into exactly where we mentioned, and for those who set sell limits, this is a traders dream. ZERO drawdown and a continuation to the downside. Now we just wait patiently with an investors mindset and see if the markets move in the direction we expect it to go. Trade management at this stage is...
Unfortunately, EURAUD did not wait for us, EUR continued to show its true strength. I would personally not continue to look for those buys any longer. What I am looking for is clean, crisp price action. If the markets don't play ball, then I don't want to know. I scanned my pairs and saw a beautiful potential sell opportunity on AUDUSD, and this is an idea I share...
This trade is over in my eyes. Why? Because we no longer have much momentum left and I refuse to wait and hope for the best. I trade based on probabilities not hopes and dreams. Time to exit and wait for another high probability entry.