it is all about pullbacks here, so we draw a trendline AFTER a decent push followed by a retrace into the bands. Example same AUDUSD but 1M bounce long on the 0.76 level

Meyney wrote: Wed Mar 31, 2021 10:55 pm it is all about pullbacks here, so we draw a trendline AFTER a decent push followed by a retrace into the bands. Example same AUDUSD but 1M bounce long on the 0.76 level

thx man nice diagram to see on audusd............... gbpjpy busting out so i still look for some longs around 152.000 what u thinks mayney??? i thinks will come down bit also maybe double top is in making on H1

moey_dw wrote: Thu Apr 01, 2021 10:42 pm thx man nice diagram to see on audusd............... gbpjpy busting out so i still look for some longs around 152.000 what u thinks mayney??? i thinks will come down bit also maybe double top is in making on H1

I do not have a crystal ball so we have to wait if price will retrace on 1H. if it does wait for chop into the MA's, draw your trendline, wait for the break etc. Careful we are entering the high from April 2018 and large SD zone on Daily

push, pulback, chop @ 152.50 gy 5M

Meyney wrote: Fri Apr 02, 2021 1:04 am push, pulback, chop @ 152.50 gy 5M

price was rejected at the daily open before it advanced

josi wrote: Fri Apr 02, 2021 1:34 am price was rejected at the daily open before it advanced

In forex I find the round numbers more important, Indexes seem to react more on daily open.

AU back @ 0.76 and daily SD, will wait for up scenario or down scenario we will see

USDCHF update: SL

Thank you ,sir !
Still learning.

Another set up
USDCAD TF 1D: SELL.
Sir !
I am using HA.

notice wrote: Fri Apr 02, 2021 3:42 am Another set up
USDCAD TF 1D: SELL.
Sir !
I am using HA.

Trendline is wrong and HA is not used in my template. I have edited this post...