HOW TO TRADE LIKE THEM GBPNZD WATCHING FOR IT NEXT YEARLY MOVE
This been one of the more challenging pair last year
As I was in the breakout and waited a few weeks for it did a post on it and it sold all went well but I’d left when I’d notice price went backing into a range a few days candles lower, just so happen I was doing a daily check up and caught it.
And I’m glad I did that range turnt unto 11 weeks
With both side showing signs of victory, it just wasn’t worth really trading it position wise as I don’t want the small fries with my Big Mac. I’ll wait looking at others post on it and ppl saying head n shoulders sell sell but not even knowing they are just selling a range dip there are usually two in a range before it moves on. Lmao 😂 the ability to see the bigger picture is beautiful.
So now we are in 2021. New year and this market is provided us with it next direction and ppl are focus on a head n shoulder pattern. No wonder why these guys have no real edge or position within this trillion dollars business.
Let understand what’s going on
We are at a range at resistance this is a bullish tendency the range is a double divergent bottom with an volume spike on the right bottom now this is a good set up to move up
Therefore let’s also understand the WHY..
As the daily mvwap finally caught up 🙄with price the market ranged out for this making support. As it will need it. The mvwap isn’t easy to push through so what we see right now and since Friday is the market trying to conquer the average and as failure is expected at least twice. Now it’s on its third try and we can see the the highs are getting lower
But this doesn’t mean it won’t make it
When you trading macro and markets that set it self up such as way you can’t jump on a few failures cuz the market made support of itself below as we seen in gu and by the way your truly been saying gu will be bullish before it was you can go back in my post on gu and read and see! I said it when it was selling!! Thus I know my stuff family for yal that hate on me in the comments
Moving on
So we have to see how that support is able to push price back up as price hadn’t dropped below the lower time frames mvwap thus the market is using it for support. Well wait to see how the 4hr mvwap preforms as it is catching up to the battle
Here we’ll get a better direction
If the 4hr and support failure we’ll be waiting for a return candle of exhausting
This will be a high volume candle with a high tail followed by a roll over( a narrow range bearish candles that ll pick up momentum four to 5 candles out on the 15)
Now to buy we have to be even more patient cus many time price will get above but not able to hold and often this isn’t a quick process sometimes days before it drops low to never return but what we’ll be looking for is to see if price is making higher highs and lows that are legit ( not are higher highs and lows are) and using the daily average as support
Very interested in the outcome as I’ll be there 🙋🏾♂️
HOW TO TRADE LIKE THEM-
.
As I was in the breakout and waited a few weeks for it did a post on it and it sold all went well but I’d left when I’d notice price went backing into a range a few days candles lower, just so happen I was doing a daily check up and caught it.
And I’m glad I did that range turnt unto 11 weeks
With both side showing signs of victory, it just wasn’t worth really trading it position wise as I don’t want the small fries with my Big Mac. I’ll wait looking at others post on it and ppl saying head n shoulders sell sell but not even knowing they are just selling a range dip there are usually two in a range before it moves on. Lmao 😂 the ability to see the bigger picture is beautiful.
So now we are in 2021. New year and this market is provided us with it next direction and ppl are focus on a head n shoulder pattern. No wonder why these guys have no real edge or position within this trillion dollars business.
Let understand what’s going on
We are at a range at resistance this is a bullish tendency the range is a double divergent bottom with an volume spike on the right bottom now this is a good set up to move up
Therefore let’s also understand the WHY..
As the daily mvwap finally caught up 🙄with price the market ranged out for this making support. As it will need it. The mvwap isn’t easy to push through so what we see right now and since Friday is the market trying to conquer the average and as failure is expected at least twice. Now it’s on its third try and we can see the the highs are getting lower
But this doesn’t mean it won’t make it
When you trading macro and markets that set it self up such as way you can’t jump on a few failures cuz the market made support of itself below as we seen in gu and by the way your truly been saying gu will be bullish before it was you can go back in my post on gu and read and see! I said it when it was selling!! Thus I know my stuff family for yal that hate on me in the comments
Moving on
So we have to see how that support is able to push price back up as price hadn’t dropped below the lower time frames mvwap thus the market is using it for support. Well wait to see how the 4hr mvwap preforms as it is catching up to the battle
Here we’ll get a better direction
If the 4hr and support failure we’ll be waiting for a return candle of exhausting
This will be a high volume candle with a high tail followed by a roll over( a narrow range bearish candles that ll pick up momentum four to 5 candles out on the 15)
Now to buy we have to be even more patient cus many time price will get above but not able to hold and often this isn’t a quick process sometimes days before it drops low to never return but what we’ll be looking for is to see if price is making higher highs and lows that are legit ( not are higher highs and lows are) and using the daily average as support
Very interested in the outcome as I’ll be there 🙋🏾♂️
HOW TO TRADE LIKE THEM-
.
