This is the single most important thing I learned trading that elevated me to the next level. The cleaner the chart the better. Sometimes you have to start with clean slate. In this chart you can see clearly what is happening in the market. Big money knows best. Ride the wave with them...
It doesnt have to be perfect, find your zones, Wait for two red or two...
Entry point long here is a no brainer in my opinion. This is how wealth is made. Not investment advice...
Trade safe and have fun!
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Journey from 1k to 10mil!
Shorting Gold into 1850.00 as mentioned on prev analysis. Commodity went 60-70 pips past crucial weekly level to take out all intraweek/swing sellers and also putting in buyers into the market. It has made 200+ pips in just the Assian session so im expecting a intraday meltdown into the current LOD for the next two sessions ahead. Feeling confident about the move...
We have noticed that the market is up trending and whenever the price has evolved close to the blue line and the red doted up trend line, it was followed by very violent price change.
Therefore, beware, as the price is at the moment evolving around the red dotted line.
Besides, the price has shown also elastic movements, coming back again and again to its previous...
The market has been rejected several times along the bearish resistance line.
It seems like buyers are not strong enough and the sellers look like accumulating profits by consolidating positions.
Beware of the resistance which could be tested again.
To lookup:
- Volumes confirming that we are in a long run down.
- Pullback on the resistance blue...
Bullish idea, i think price will reach 0.98300 level before keeping going up ( for the entry join our channel on telegram ).
Wait for price to confirm or not that level then buy targeting the Key zone where i think price will go at least before keeping going up or dropping more ( grey lines ).
I will not short this pair until the key zone and only if price action...
perhaps this was the correction that was needed,
market may start moving up soon,
some money needed to be whipped out, people needed to be scared away for the winners to stay
Price retraced to our 78.6 retracement and formed a new higher low on Daily time frame
we're looking for price to hold at support and form new higher highs back toards 0.8050-0.8100 area
What do i really like in this trade?
First of all i am taking this trade with the overall direction of the trend (Bullish), i have a nice Risk/Reward potential as you can see, i can even go for more but i dont like being greedy. Also i have price action confirmation in different time frames, like the 4hr and 6hr. but i am taking this trade in a 8hr time frame,...
![AUDUSD: [AUDUSD] Long with the overall trend](https://s3.tradingview.com/w/wF3EBFmi_mid.png "[AUDUSD] Long with the overall trend")
