Made a 50-61-8 retracement and strarted to wick out. I am look for price to retest the high or even make a new one, Risking about 30 pips on this one just to give my stop loss enough room for any spikes that could take me out before going my way. If my stop loss is hit then that means we are in a sellers market Keep trading guys and remember to always use proper...
Taking a buy right here based off of priceaction, Selling pressure is getting weaker as it gets closer to structure and there is also a 38.2 zone for confluence. Only risking 15 pips this trade, looking to go to break even as soon as possible. Follow me on IG @playerscirclefx for more analysis and strategies Keep trading guys and always use proper risk management
Good afternoon guys, today we will be taking a look at AUDUSD as it progresses through the week. Last night the pair put in a new high, breaking above the daily supply zone on its continuing uptrend that has been going on for the past few weeks. With the pair putting in a new high and now retracing I am able to draw my fibonacci retracement tool from the recent...
Good Morning Guys, Today we are going to be taking a look at AUDUSD, For the past few weeks price has been in a bullish trend creating a series of higher highs and higher lows on the 1D and 4H Chart. Last week the pair failed to make a higher high and has in fact put in some new lows on the 4H Chart. Price is still ranging in between a daily supply zone(box with...
Over the past couple of days USDCAD has been an an obvious uptrend showcasing higher high and high lows throughout the week. As you can see price got within a few pips of my daily supply zone before going to the downside again. With the pair being in an uptrend I am looking to to go long now on this trade willing to risk about 20 pips or so to see how this one...
Price made a strong push to the downside, Started to retrace, Placed Fibonnacci from high to low, Price retraced to 61.8 level and is looking to go back to 0 level.
Price has retraced back to an hourly demand Zone that has been tested and proven. -Always use proper risk management
Price was in a down trend on H4, Price broke bearish structure, Price is testing what was once resistance as support! -Always use proper risk management
Price was in an uptrend on the H4, Price broke bullish structure, Price is testing what was once support as new resistance! -Always use proper risk management