Selling at market price @ 0.69121 with # TP lower down around support @ 0.68368 and # SL just above the bearish engulfing pattern @ 0.69412 To learn the dynamics behind the analysis, please join my mailing list using the link below zc.vg As usual don't bet the farm. Good risk management won't kill you but the lack thereof could!
Trading pure price action here...using H2 time frame # Price has broken the support # Then pinned from the under side (as resistance) # Sell signal printed (inverted hammer) # Also note the inside bar pattern and the hammer as the fakey... Selling at market price 0.69911 with my levels as follows: # SL above the 0.7000 pivot/resistance/pinned level # Tp lower...
Looking to short once the yellow bar has been reached. I will be waiting for a sell signal to form around this area before making any decision. For real time updates, exact entries and trade management details please join Forex Bootcamp using the Telegram link below.
FX:AUDUSD After the massive wick I have been looking for a decent entry to go long. (I use the wicks as indicators - spike to the low, price goes up - spike the high, price goes down) Now checking on H4 I see a clear opportunity with great up side potential. 1. Trend line broken on H4 2. Bullish engulfing pattern printed on D1 (on support) 3. Hammer printed...