Weekly chart reversal looks good.
Daily Chart DDP - Daily Direction Prediction - Looks good confirm the move lower.
4hr chart - This is where the PA will be bumpy as 4hr PA is sitting on S1.
1hr chart - Ideal ENTRY would have been the 1hr 50 EMA test previously ( orange arrow ).
I would need a decent PB to an ENTRY of Value and for the entry to correspond with...
REASONS OUTLINED ON CHART.
Scale in No#1.
slight gapping lower to start.
entry set at value.
re-test of zone.
Price to slow decent into the 1760 level.
1760 gives Bull Force best chance at breaking the all mighty 1830 level.
200 EMA offers a point to move PA to the entry.
STRONG (R) LEVEL just above PA.
Previous DOUBLE TOP rejecting level.
Move from weekly level (ORANGE ) below now requires a Pull back
Stop squeezed in slightly lower and entry set to a better point of value.
WAITING FOR A DECENT RETRACE TO THE DAILY 200.
NICE SPIKE FROM A GREAT LOOKING HIGH TEST
Looking for a pair of TWEEZERS
Gravity fall to support ( ORANGE LINE )
Bear flag formation
2.5% approximately - perhaps a touch under if the entry is a bitch
A U S T R A L I A --- Is winning the Olympics
Conservative shot 5%
Double bottom entry still setting up.
50 EMA confirmation for those needing to apply some more risk management.
Either entry, double B or 50 EMA will result in the move higher.
Approaching turning point.
Last chance to board this train.
trade 8, 2021
4 and 1 hour align.
Pull back to entry and better value
$60000-00 USD used as S/R level previously
Running Total for 2021 - 2%.
Trade number 7 for the 2021 year.
PA needs pull back of a decent proportion.
Using the extreme highs this time ( Wednesday night/ Thursday morning ) - if PA gets to the entry point as shown. The pull back is going to be more significant.
TP easily reached once the entry is tapped.
Not such a great fan of large trades. But the level is very much key and...
6th Trade For 2021 - RUNNING TOTAL (0%)
Daily looking for a pull back.
Room to the 4 hour 50 EMA
1 hour move down from the high recently ( 50 EMA is some concern )
Trade within old pivots.
$1000-00 risk representing 1% of the FX account.
4th Trade for 2021. Running Total -1%
Zone on the 1 Hour.
Not pushing for new Lows here just using recent turning points.
Just looking to recover the missing 1% from previous trade.
Looking for the move to a Value Point in the zone. Roughly the 50/50 point.
A nice safe Stop.
3RD TRADE FOR 2021 - RUNNING TOTAL - ( 0% )
Vader has parked his STAR DESTROYER to come and School you lot.
You think running the EMPIRE's fleet of STAR DESTROYERS, TIE FIGHTERS, WALKERS and Imperial ALL TERAIN ARMOURED TRANSPORTS is cheap these days.
Vaders got wages to pay, FLEET Maintenance Costs and a DEATH STAR SIZED premium to pay for Insurance policies...
2nd trade for 2021 - Current Percentage - 0%
Our little Bull is still feeling energetic as of the time of typing. GBP V's AUD
4 hour has zero BEAR PA currently - Surprising
Daily level encountered now, but failed to send the price lower.
1 hour Double Top showing at the daily level.
Plenty of room to that next Daily level above.
RISK 1% - $1000.
1st Trade for 2021.
Looking for better Value before the move long.
Straight Shot to next level. Pivot Sits Up to of our PA.
Let's see if our little Bully Friend is correct.
Who will win the match..
Bull and Bear ready for battle...
Both trained in the art of technical analysis.
Both familiar with various indicators and dynamic support levels.
The trend seems to be strong with bear. But Bull will not yield ground so easily.
Stay tuned to see which of our grand masters wins the day.
Momentum swing higher.
Fib retrace. Acting as a barrier for move lower.
Pivot level in the way of stop and PA currently
Entry north of R1 slightly.
EMA dynamic support to assist.
DONKEY INDICATOR points to a move higher.