Mixed signal here on AUDUSD. On daily we have good setup with RSI and TDI on track. If price break up PAC it should be a good trade. However on 4H it's overbought and the rally could be over in the short term. On weekly we are under RSI50 and still consolidating, but I believe it's worth taking a shot. However monthly is not looking good. So if this trade get up,...
On daily, EURUSD respect 2 of my 5 criteria and it's backed up by 4H TF. So basically when 2 minimum criteria are met and there is a "bonus" criteria, i enter the trade. RSI50 : No PA PAC : No # candles : 1 TDI break : Yes TDI BB : No Weekly is still very bullish, so let's be careful about this trade.
On daily, we are getting back inside TDI's band and on 4H we are witnessing a nice golden cross. As my previous euro short has been a disaster, I would recommend cautious on this one also. But we can profit from nice pullback that seems to begin.
We have a nice breakout on daily. I'm a candle late but considering 4H TF we could see this upmove to pursue in the future.
Let short this pair again! We have nice topping setup on daily TF with blue rectangle. Usually several candle around same high indicates a breakdown. It started to go down but not too much. TDI is crossing so let's see. 4H shall continue to deep down as we are below 50RSI and have some room left.
Here is what I call another dumb trade. Here I try to anticipate a future move of silver. No criteria are fufilled so I'm "hoping" for a downtrend that "should" happen. This is my main issue that I'm working on, but I can't resist this short.
On 4H we have 3 criteria of 5 with a bonus daily confirmation. RSI50 : Yes PA PAC : No # candles : 3 TDI break : Yes TDI BB : Yes We get average R:R ratio so let's open this one.
A short trade as my TP is quite small. I will monitor the trade during this drop, if drop there is!
PA has broken both PAC on daily and 4H. We are under RSI50 on 4H and close too on daily. We're a bit late on this one, but could still take some hundreds pips... or get rekt. Let's see.
A much riskier trade as we already had a correction on this pair (that we took profit). But if I trust my strategy we could see more downside in the following days.
Could be a very short term trade. The point is to see on daily if PA is able to break PAC and MA on TDI. 4H is looking half good/half bad but respect my rules. So tomorrow we'll know more.
Thanks to @chartwatchers I discovered this pair and found out that it was a pretty interesting setup for my strategy. IMO, Arpi is one of the best trader around here and even he teached me lots of knowledge through his ideas. So, this pair is breaking up to the upside on 4H. So we should have a nice follow up on 4H, then when daily meet the upper band we will...
Bullish correction for this pair. 4H show some room left for bulls and usual daily setup indicates that green TDI will continue to grow until upper band of the PAC. RR is correct and 4H is close to my standard trade in terms of rules.
This is an experimental trade, still to understand better how to place SL and TP. On daily I'm already late on this bullish cycle as we printed 4 strong candles and it's likely to have a correction. The question is : "will we breakthrough 50 RSI easily?" PAC seems to be broken. 4H shows that TDI consolidation could still mean for a rally in PA.
Another one that seems to respect the rules. Revival of my first idea that proves to be good :)
Same as EURUSD, but maybe even riskier because SL is more important. I suffer some losses to EUR pair early this week, and I want to make clear that I'm not aiming at revenge trade or guessing top. TDI on 4H is breaking down and I think PA should touch bottom PAC line at least in the following hours. I will close half position there and let it run. If it goes...
I messed up the charts but the idea is there. On daily (on the right), I anticipate a break of PAC and at least a pullback from a TDI perspective to RSI50 & MA. On 4H, the PAC break has already happened but it is only now that we get below RSI 50 & MA. So my point is that we shall see further breakdown on this pair.
I know it's insane to try to short EURUSD right now but... I try to improve my analysis at low risk/high reward trade. So we are risking 30 pips for catching the pullback on EURUSD. RSI is over 90 and BB are over 100! It happens but still... So either we get the bullish move of the year and our 30 pips SL is crushed or we get 100+ more pips on a healthy move down....