4HR TF - Market entered my zone 15m TF - W was formed (second leg)
4hr TF - Entered Zone 15m TF - W Formation 4hr Trend Line - Bullish Confirmation Fib Level - 61.8% Retracement
ANALYSIS - W formed on 4hr & 15m TF (Psychological Line) - AUDUSD mirroring GOLD
ANALYSIS - W formed on 4hr & 15m TF (Psychological Level) - AUDUSD mirroring GOLD - Currency Strength for AUD is slowly getting stronger as USD is slowly getting weaker
ANALYSIS - Price action has broken zone by 30 pips, therefore looking at Break & Retest. - W has formed on 4hr / 1 hr / 15m TF - DXY spiked up on 01/05/2019 at4pm and tested this new high numerous times but has been getting exhausted. Looking at the market neutralising by coming down for its next move.
4HR TF - Price action reached my support zone. 15M TF - Price action formed a W
4hr TF - Price action has reached my zone 15m TF - Price action has formed a W
4hr TF - Price action has reached my zone. 15m TF - Price action has formed a W.
1. noticed the first leg touching resistance on a 4hr TF. 2. I then waited for an M to form on the 15m TF and entered on the second leg down once the market had broke out of the zone.
USOIL (4hr TF) - price reached resistance zone. USOIL (15m TF) - M formed and I tried to catch the second leg down. USDCAD - As this pair oppositely correlates with USOIL, I traded it in the opposite direction.