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AUDNZD - Price Inefficiencies Overlooked...As AUDNZD started to put a whooping on me, I then started doing my top down analysis (Ironically after having entered a knee-jerk short). Poor planning on my part and I see that I should have been long all along. A beautiful inverse head/shoulders with a nice compressed move back to the Quasimodo. It was interesting to note the fractal QM at the accumulation area along with the interesting RSI display. Seeing that compressed, wedge-like move back, along with the clearly divergent RSI, it was quite a nice set up and a beautiful example of neutralization of sell-side liquidity and the indomitable propensity of price to bring efficiency along with it. Hats off to price! The shaded areas were price inefficiency areas derived from the h4/h1/m15. The blue verticals are delineating NY midnight opening price (a bit of ICT). Thanks for stopping in.
by tradesetups
How To Read The Chart With -- Trend Line Break Out -- Hi Trader's -- Welcome To First Lesson For -- How To Read The Chart -- Today We Will Learn How To Draw The Chart With Trends -- And Take Trades With Only Trend Line .. 1- Main Trend : It's Be With The Main Direction And Had Many Touches With Out Break Out Or Fake Out 2- Inner Down Trend : It's Be In Down Trend And Had 2 Or 3 Touches -- We Buy After Break Out It .. 3- Inner Up Trend : It's Be In Up Trend And Had 2 Or 3 Touches -- We Sell After Break Out It .. -- Strategy -- Frame : 15 - 30 Minutes Tools : Trend Line How : Draw Trend Line ( Up / Down ) And Wait For Break Out And Enter Sell Or Buy Note : Trend Must Had More Than 2 Torches To Trust In It .. Thanks And See You Next Lesson ♥
Education
by Fx_Vanguard