Market Sentiment. Dollar Dominance
Key things to acknowledge for this trading week. Last week friday. We got what is called. The monthly pull back.
Just as though price moves up and down. The pull backs on the hourly and 4hr. Yes the monthly has pull back as well. Usually the 2nd or 3rd week of a month.
This can be seen on the weekly time frame. I dont trade anything lower then the 4hr. Because i do not trade noise.
So what we need to acknowledge is that price will resume in the already described direction from the break out of the 8 week accumulation phase. (market cycle)
The market sentiment is Dollar Dominance. We will take trades along that sentiment at all times. We do not trade the DXY so here is a cross pair. That will describe a possible trade opportunity in the market. AU.
So on a smaller time frame. Daily. We can acknowledge the pull back. before we resume price action. Its important to be paitent for price to enter the suggested zone of reaction. Timing is important. Most USD cross pairs should look similar. same goes for EU as price and liquidity/ personality will be different across the pairs.
Just as though price moves up and down. The pull backs on the hourly and 4hr. Yes the monthly has pull back as well. Usually the 2nd or 3rd week of a month.
This can be seen on the weekly time frame. I dont trade anything lower then the 4hr. Because i do not trade noise.
So what we need to acknowledge is that price will resume in the already described direction from the break out of the 8 week accumulation phase. (market cycle)
The market sentiment is Dollar Dominance. We will take trades along that sentiment at all times. We do not trade the DXY so here is a cross pair. That will describe a possible trade opportunity in the market. AU.
So on a smaller time frame. Daily. We can acknowledge the pull back. before we resume price action. Its important to be paitent for price to enter the suggested zone of reaction. Timing is important. Most USD cross pairs should look similar. same goes for EU as price and liquidity/ personality will be different across the pairs.
ความคิดเห็น:
Price difficulty spotted on the money. BUT Price tested into support. Still cautious. Still accurate. Only entry positions. No full position billed out yet. Waiting more reversal confirmation. i am trading AU. And EU And XAU
ความคิดเห็น:
Looks good guys. NFP 2mro. This is the delivery.
ความคิดเห็น:
This idea was formed long ago. Price did go lower than figured. But the chart was still accurate in its delivery to date.