I have only 3 forex accounts now, and reopened my stock account. This was a trade taken in my aggressive account. As you can see price on the daily range was on the high h end. so I was looking for shorts, I dropped to the H4. I plotted zones and ruled out the small ones, and took what the market gave me.
Good long opportunity, I hope you saw it. BUy the dips, sell the ralley. Thats the smart money... suckers chase the crowd up the mountain.. and exit the boat as its going down the waterfall.
Practicing my stock market skills, being encouraged from an OTA student. Plan to dabble in options
Too many people are buying the yen when its at an All time high,... Suckers. Please give your accounts away, poor brokers need to buy a new yacht.
Look for price to pull back to additonal new strong sell spots created.
you can see price is in the middle of the daily, but momentum has the bulls... buy the dips, sell the rallies to hedge.
How price left the level it is weak... Trendline is testing....and its low in the big picture. Stochastic is oversold.... Price is fractal and the market moves in waves.
EU appears to be setting up for a possible drop. But I am not 100% convinced. This is based off the weekly TL and zone
Time for gold to fall hard.... in the big picture gold is close to the high range, and close to weekly supply. check the supply then give way to the true fall....
I see two things... possibly a short, but i noticed how price left this zone to be Weak.... This means I would risk little and trade with confirmations.
Expecting cadjpy to rise till 4 hr strong supply
EU will rise to supply, then I will short, but not hold... it has to break the daily supply area that has been respected. If it does this it will fall Hard after one more retracement.