I took this trade yesterday and posted a chart a few times in chat, but figured ill post it here for others.
Easy Peezy 61.8 ht that landed perfectly on the nose. This is as easy as it gets IMO.
Will it go up? Possibly, but for the time being it was an easy 40-50 pips. Odds are it will retrace higher before ...
In this whole run up since the election I have yet to see what I just saw today. Two consecutive 4H pin bars such as these (these pins are quite large compared to anything on the 4h chart). The second one making a LH and to which it can also be considered a double top. I will be watching this closely today for ...
Long based on Clones. Found a level between 2 ranges acting as confluence.
Dollar is exhausted and I expect more selling of it next week. DXY has a nice H&S pattern on 4h that is on the verge of breaking down as well..and if DXY tanks EU will fly
Price bounced at 50% level which is also a very high confluence area for a reversal. Currently price is being rejected from the currently 50% zone of the cloned reference range.
I still believe there is accumulation going on and next week we will be ready for a move up out of this zone
Price has managed to move 3 full ranges from the reference range I had cloned. Additionally price "stalled" at the top of the range last night. Given the fact the weekly .618 fib isn't to far away I think we can enter a short somewhere in this zone. I will be shorting in the 114.40 zone with a stop just above ...
I cloned the whole entire UJ weekly range from last years top to this years bottom in to 1/4 levels then i proceeded to break each 1/4 level down into another 1/4 level. This is the daily view of those levels and I feel its quite interesting and amazing when you look at how price has reacted to each of the levels. ...
I was going to post this earlier today, but I was to busy scalping :)
Nice clone support in the .7080 zone and I think we should be good to continue the trend upwards
A break below .7034 and this idea is void
A clean break on .75683 we should beable to get to .75914 and a break above .7614 we can get .7636
A clean break below on .7524 and i think we should see .7490-.7509
Keep in mind the daily 200ma is sitting at .7508 and also the H4 1200ema (both at .7508) and the last time AU managed to hit the H4 1200ema there ...
Last week it false broke up and this week it has closed below. Bears were a little stronger this week, just like how Bulls were a bit stronger the prior week.
One thing to note is this week was a heavy news week (due to elections etc) and remember, news is temporary and often times gets reversed