Selling short seems like price took out both sells and buys after yesterdays news event so decided to take one more sell on this pair.
This pair failed to push higher yesterday my bias is sells at the moment until price builds more liquidity to the upside it seems to be respecting this channel trend I am expecting a test the upper channel.
Stopped out from first long but I am still looking for that pull back to liquidate 1 last time the momentum for the bullishness slowed down so this gives us a sign that most likely shorts will be strong soon.
Took a loss in the first short but I still think it will start dropping so I am entering with a sell stop under 15 minute candle so price has to fill us in for our trade to be executed, I think this will start creating structure on the 1H timeframe for price to balance out.
Short term sell targeting yesterdays buy imbalance but I am still looking for buys on the 4H time frame although I am selling this isn't a A+ setup... we will see how this price plays out but this leg should be a HL in the making if my analysis is correct... Like I said day by day my analysis can change.
Looking for price to take out the high 1 last time and will be looking for price to actually start breaking 4H structure to fill imbalances basically targeting 0.68200... I like the wick reaction but we need a follow through to have better probability of this trade winning.
I am looking for this trade to start heading down soon to take structure out from yesterday... should start heading down soon we will see how price looks within 20 mins I will decide if to hold or not.
Target should get hit soon.. after this trade I am waiting on price to show me a reason for it to not be ready to break 4hr structure, so I am still bullish on AU this is a counter trend trade, I also used other pairs as confluence I seen that USD pairs had a high probability to gain strength, keep in mind that doesn't mean they have to correlate every candle......
I am still holding this trade from yesterdays trading day, the only adjustment I might make is putting my stop loss at break even... reason being there is not need to have risk at this point, I much rather get taken out of price comes back to entry I rather be stopped out... limiting risk also makes it a less of a emotional trade and from years of losing and...
Looking for this pullback to possibly give me a good long opportunity if price decides to take out 5 Minute structure it will incentivize more sells which can balance price out for another Long position in the next few days.
Looking for a short term Pull back this is either going to go my way quickly or get stopped out quickly overall looking for buys, I take trades where imbalances usually get filled this is another opportunity here.
Selling AU price consolidated within a range and seems like the liquidity is set for the short tern sell and I am targeting the structure HL.
I am still looking for a buy entry if price decides to deliver a pull back this a potential scenario where I would place a buy limit order, It would be best for this trade to move down somewhat aggressively making it a higher chance of a imbalance refill.
Price moved down a lot therefore leaving imbalance in price, now we seen price make an impulsive move giving a clue that price could start breaking the weak structure to incentivize Buys which will rebalance price. (Profit target 1.94500)
Looking for Fridays imbalance to get filled and targeting price 144.350, in my opinion this low we are in is a higher low in the making for the 4h time frame, its not certain but highly likely from my analysis.
This is a potential high reward to risk ratio, the USD pairs should start to rally up here soon... the question is will it happen this week or next? We shall find out soon.
Looking for AU to do a pullback before it takes last weeks high, best case scenario it pulls back down into entry after midnight otherwise I can change my mind if price doesn't look right or it consolidates too much I will adapt to price... worst case scenario it goes to my entry takes me out and will look for sells after, I like my odds lets wait and see..
This is an aggressive buy entry to fill the imbalance from Friday and taking it day by day but my bias is long for this week.