This pair is wedging out and there might be enough room to get 1:2RR before reaching the lower light blue TL.
액티브 트레이드
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There is a triple touch on an ascending trend line that could make it a little harder for price to push down, let's see what happens.
액티브 트레이드
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Perfect double bottom on 1H so reversing position. Seeing if 200ema holds on daily for a push higher. Slight consolidation in a wide range.
매매 수동청산
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Out of the trade, odd volatility.
액티브 트레이드
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Doing different style of trading for this odd positioning of this pair, will update when it's complete.
매매 수동청산
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It's complete. This pair has had some excellent profitable this month because of money management. I'm going to try and explain it somewhere, maybe here or through Twttr/YT.
I've been debating this one myself. I have my finger on the button to short some 6D futures but just couldn't do it. It's trapped in a larger price range but is starting to wind up into a wedge. I would be a lot more convinced to short if I saw a bigger bearish candle off of that upper trend line.
marketdiverfx
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@krugman25, That's true, it's when I would go to lower timeframes and look for compelling reasons to enter in my intended direction. I would look at 12, 8, 6, 4 and 1H to see which momentum based PA best suited the expectation.
krugman25
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@marketdiverfx, Good suggestion. I may poke around in the hourlies. Are you from Australia? Im guessing morning/early afternoon where your at?
@krugman25, Also, many traders are using the 200ema as a gauge which works against the shorting idea but could also create the trap needed for the push down.
krugman25
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@marketdiverfx, No, I am from the Midwestern United States. Probably the only person who trades Forex in a 100 mile radius, lol. Forex is almost unheard of in the US. I assumed you were from Australia since your coach was from there.
marketdiverfx
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@krugman25, The Midwest, nice, hopefully not the freezing cold part, Dakota! I'm in Boston now visiting some people.
krugman25
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@marketdiverfx, Iowa actually, but still gets super cold. Its nice right now, 80s, but in the winter we can get between -30 to -50.
marketdiverfx
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@krugman25, Yes, that would be freezing. When I go back to Tokyo rainy season starts and lasts for 4 weeks, then the humidity is ridiculous. Interesting planet.