Australian Dollar / U.S. Dollar
Long
Updated

Trading Momentum in phase 2

49
Trading session: UK, London Open Trading Approach: Top down analysis



Trade Details

D1 - Context ( Understanding the bigger picture)

4H - Having a better understanding of where we are now (Price action)

15 min - Trade Execution timeframe


Knowing that you can trade the smaller phase 2 when looking at momentum and knowing they give you equal opportunity's, not just from bigger Phase 1 Moves.




Key
Phase 1 - Main move in price action
Phase 2 - Correction - Period of consolidation - Or even a pullback.

[url=snapshot d1 snapshot 4H snapshot 15 min]snapshot d1 snapshot 4H snapshot 15 min
Note
AUD/USD is the incorrect chart, trading view will not allow me to change this.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.