millionairekat

02:03

millionairekat

DXY is showing bearish momentum, which usually means AUDUSD would be bullish. Strong rally to upside, using the swing low/signal candle strategy. The market pullback back into my area of interest for buy, waiting for bullish confirmation before taking the buy to the next area of structure.

millionairekat

I used the swing low/signal candle strategy to confirm the break and close above for buy opportunity. Market has been ranging, somewhat making higher highs. There's a gap higher up that will eventually get filled.

millionairekat

On 4hr, we have head and shoulder pattern/break of demand zone. At neckline there was a break in structure, a strong rally of sellers with no interruptions so far - waiting on pullback to retest structure to take sell down to next area of structure. confirmations 1. rally 2. break of structure 3. head and shoulder completed - gap was filled 4. rally base drop pattern

millionairekat

Over trend is up however, momentum is slowing down. Wait for break in structure and retest before taking the trade down. Utilize candle stick analysis on the 15 min chart to enter the trade. This will decrease getting caught with so much pullback.

millionairekat

Market structure, market structure, market structure. EURUSD broke structure (big red engulfing candle at 1.10281). Wait for the retest (expect market to head back up to supply zone). Utilize candlestick analysis and price action once the market rise back up to 1.10281 before entering the trade for a sell. I usually wait about two candles to form on the 15...