AUDUSD Long - 4 Confirmations Part 1 R:R 1:2

6월 4일AUDUSD Long- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up

4 confirmations:

1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4, H8 or Daily timeframe

2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4, H8 or Daily timeframe.

3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1.

4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.