looking out to take two trading opportunity on this pair, using supply and demand stategy
Price 2000 tend to hold a poi resisting price, selling off the zone retest after a trending line confirmation has been meat
Once the price brakes and close above price 0.671, buystop order will be executed cus the based zone show sellers weakness
the trend line support is still respected, tending to give an explode in price creating a poi zone given the weakness of sellers
the price has been respecting the trendline support, then price tend to bounce off and creating a poi zone which signal the weakness of seller..
Buying off a support zone after price as bounced off the trendline and given a p.o,.i zone has a sign of selling weakness
entering the sell entry trade after the market has tested the P.O.I zone and the given the chance to place a sell order
Short entry off p.o.i zone, take profit of the nearest zone below for quick and profitable exit
After the retest of a P.O.I zone, price is tend to sell to the structure below
A sellstop order had being place around price 1.634 and stoploss just above the zone ,,, if price brakes and close above 1.64 before opening the trade, this trade is not valid ...
entering sell at current price, tp around zone .875. Then potential buy from there back to .881
Gold might probably retest the P.I.O around price 1645.5 so has to pick a longing momentum then probably exit around price 1710..
Here on AUDUSD, we are looking for buy continuation in relation to trendline support, looking to exit at the price above...
The trendline recently got broken after being respected for the past three months, giving a double bottom like structure has a possible reversal sign, I'll be waiting for price retest back to the neckline of the structure has my long entry point
After the previous trendline was broken, I await the retest to my buying zone of my pending order.. and look to take my profit below
The trendline got broken and retested the present price and I took a buy entry off this zone
The price came for trendline retesting, give a possible sell signal on retest.. Stop loss right have the previous swing and my Tp is right below