GJ Prediction. Price crossed 50MA giving us an entry signal.
We are using our strategy for this trade ! We need two confirmations before entering. Number one is RSI level must be below 30 level. Number two is the 200 MA must be below price showing us we are in a bullish trending market.
We are trading off of price action on this trade. when we trade these markets we look to "follow" the big buyers. when price hits recent resistance or support multiple times ,we trade the direction of the market. we mainly look for buys as the economy is on a consistent uptrend.
as we can see the market is showing strong signals of a descending triangle pattern. We entered once consolidation started. We are expecting market to follow pattern as UJ usually does.
We looked for a closing rsi level of 30 or below on the daily timeframe. We entered at the new daily candle exiting around the 50 rsi level. This strategy works for indices only!
we look for power moves into support all the time. Gives us confirmation for a pullback. Set this buy limit as we should see market follow our markup.
We entered a buy again at the beginning of the day candle opening. we achieved our first tp level at 500 pips. if market follows structure we should see it continue up and hit the next area of resistance.
So using a strategy I learned a while ago , I entered a buy at the beginning of the day candle for today. I only enter when the RSI level reaches 35-30 level at the end of the trading day. we exit when RSI hits 50.
daily chart ,we are looking for downtrend to follow and hit recent support.
the market followed our analysis perfectly ! Let’s see if we can reach out TP zone
s we can see the price is above the 20 MA and the 200 MA. This shows us that the buyers are still in control and are still pushing the price up. I entered long expecting the price to continue bullish.
AUDUSD is continuing on a downtrend so we are looking for sells. We see we have A pullback before we start to see bearish movement. I'm expecting the trend to continue downwards and hit our TP levels.
The same rule applies for this pair. We can see we had a pullback to the level of execution. I entered short, looking for the market to continue down.
as we can see we are still on a downtrend. I waited for a pullback before going short. We are expected it to break support level and hit TP levels.
As we can see the market is continuing in a downtrend. we broke through support with a power move indication sellers are in control. We put a sell in at the pullback level and are expecting it to continue down.