I'm going to open short positions from the area of imbalance, because during the previous trading session, the price formed a local turn down; within a few shopping Sessi maintained the downward trend; currently undergoing premarket where I see the consolidation of the positions for further downside movement.
I will open short positions from the level of imbalance because: there was a false breakdown of the level of 56.60; the price "drew" a global reversal moment; there was a re-retest of the resistance level.
I continue to talk about my trading principles.
On the chart of the price movement I see a picture of a set of positions by a strong player by manipulation with a false uptrend. I recommend searching for short positions after breaking the trend line down and fixing the price.
Picture of price movement objectively shows the downward trend in severe downtrend. I recommend to open positions from the channel boundaries with the goal in the form of the opposite border.
The price formed a classic "triangle". There was an exit beyond the boundaries of the figure. Then the movement went to correction. I recommend looking for entry into long positions from the support level of 0.2510.
Now I see a picture when two groups of market participants try to work in two trend channels "A-B"and" B-C". With high probability, I can assume that a large number of pending orders to buy or sell-set at the border of the channels A, B, C. Based on this conclusion I'm going to do the following: - on the border of the channel "A" - open short position; - on...
I continue to talk about my trading principles.
The price formed a narrow cumulative "corridor" . This indicates a further long-term movement. I recommend opening positions after leaving the zone of accumulation and consolidation at its border.
"Mirror" currency pairs: GBPUSD\EURGBP; EURUSD\USDMXN( USDDKK )
"Mirror" currency pairs: GBPUSD\EURGBP; EURUSD\USDMXN(USDDKK)
I open a short position because I see an attempt to turn with a re-entry into the zone of imbalance. Profit to loss ratio 5\1.
The price is consolidated in a narrow corridor on the border of two trading sessions. I believe that the further movement will be up to a powerful level of 1.3200, where the protective orders of the participants will be collected. After that, the correction movement will be directed up to the level of 1.3250-to a large cluster of orders.
I'm going to open short positions after breakdown of the level of 2930 and the subsequent formation of the first impulse level because - had previously established the global pulse level for sale, yesterday released weak PMI reports, the US dollar has considerably fallen in price today.
I continue to talk about my trading principles.
A classical consolidation zone was formed on the border of two trading sessions. As a rule, this indicates a strong one-way traffic. Recommend search long positions after the area of consolidation and formation of the first impulse level on the M5. The search for short positions is recommended after the breakdown of the resistance level and the formation of the...