new trader utilizing flow methodologyI have bias to believe that price for the GBP/USD will slightly fluctuate or reverse with my designated zones. this is due to levels within the blue and red zones where there I believe may be a imbalance, and price will flow, or reverse in order to go to other levels. My trades placed are limit orders, and aim to capture these reversals with low risk, and moderate-to-high rewards. This strategy is used with analyzing the current trend momentum, blue levels and red levels indicating imbalances we aim to exploit for low risk trades.
At the moment, I am testing a new strategy of my existing, seeking to capture and exit 3 trades during their reversals.
Newtrader
EURAUD New pair analysiswas working on this analysis awhile. Honestly after plotting trend lines and S&R I was having a hard time finding any REAL pattern, but based off market patterns I've seen before, as well as the EMA's its looking like a short consolidation and more rise to either the macro downtrend line and then more drop, OR rise up over the potential new uptrend line. keep an eye out. I put a 0.25 trade on demo with this markup for the rise. entered at 1.50564, TP set for 1.51000, SL will be set at 1.50200
*This is NOT a trade signal. I am still learning to analyze charts an am using these notes as my personal journal through my journey*