Trading Momentum in phase 2
Updated
Trading session: UK, London Open Trading Approach: Top down analysis
Trade Details
D1 - Context ( Understanding the bigger picture)
4H - Having a better understanding of where we are now (Price action)
15 min - Trade Execution timeframe
Knowing that you can trade the smaller phase 2 when looking at momentum and knowing they give you equal opportunity's, not just from bigger Phase 1 Moves.
Key
Phase 1 - Main move in price action
Phase 2 - Correction - Period of consolidation - Or even a pullback.
[url=
d1 
4H 
15 min] d1 4H 15 min
Trade Details
D1 - Context ( Understanding the bigger picture)
4H - Having a better understanding of where we are now (Price action)
15 min - Trade Execution timeframe
Knowing that you can trade the smaller phase 2 when looking at momentum and knowing they give you equal opportunity's, not just from bigger Phase 1 Moves.
Key
Phase 1 - Main move in price action
Phase 2 - Correction - Period of consolidation - Or even a pullback.
[url=
Note
AUD/USD is the incorrect chart, trading view will not allow me to change this.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.