Expecting a price to move higher, run stops on previous 3 days high into structure level for sell. As price was moving inside the structure area, took a sell at market and got filled. Set stop loss and target. Some paired with euro suggests is moving higher, some at support/resistance level. Not a clear sign if the euro is strong. Is price moving higher due to...
Trade is based on how i view the market. Always do your due diligence. Good luck!
At daily level, I view this a big money dealing range and key support level. I expect large funds/market makers/long term bulls will likely load position to run prices higher. My expectation is a push higher to fill voids and run for stops on weak short sellers.
Is the Aussie posed to move higher against the GBP ?
Please like or comment. Hope anyone watching this found value. Thank you for watching.
I believe keeping stats will help hone the skills needed to become a consistent profitable trader. Keeping stats has made me more confident on the trades and putting size behind a position. Check out SMB capital on you tube. A wealth of information for free for any aspiring trader!!!
I will let the chart depict itself
I will wait for price to move higher into green box for short. Good luck !
Check list: Based on Daily levels What phase is the market at recently? Accumulation, distribution , trending Where are obvious levels of support and resistance? Most touches Where they any parabolic moves higher or lower at the level of significance? Stop runs ( Ex: If long, weak longs stops hunted and moving higher) Pattern recognition? Repeated Patterns...