Same situation if we look at the USD/CAD D1, but I prefer AUD/USD D1.
EDIT:
Candles are closed now and seems like USD/CAD D1 is better than AUD/USD D1, cuz of the res/sup lines. AUD/USD closed belowe the marked green area.
A beautiful 2 bar reversal on eurusd D1, butā¦ pity it is in countertrendā¦ but, we all expect reversal around 1.21 anyway.
I am just wondering, shall we wait until it prooved the trend, or hope that this would be just a retracement and wait to short it again. Its a bit difficult to tell when it is at the two year low.
Yes, that chopiness is a bit iffy to me as well, although a few days ago Johnathon poster eurusd D1 and took on of three /i think/ pinbars and went short /won/.
Anyway, Johnathon would say it is a countertrend and you want to be carefull - in my few months experience you need to watch very closely for change of direction - risky.
Please have a look at the image attached. And the circled 3 candles. See the difference after the pin bar , I have inside bar and your chart candle is sticking out from the previous pin bar candle.
Out of all AUD pairs giving some sort of signals tonight, I decided to set my orders to go long on a break of AUD/CHF PB. Mainly because it was smaller than other pairsā candles so I was able to split my order in half and set TP on one and trial SL on the second.
Well I gotta say that the theory someone had of me starting this thread to get people to spot trades for me is blown out of the water as the last 4 trades over the last month I have traded no1 has posted in here!
USDSGD 4hr was a very solid setup which I shorted.
LOL, I donāt even know what SGD is not even mentioning I have 20-pairs limitation on my platform (donāt like MT4 personally). If I was watching 4H charts Iād be 50% off this one at around 1.259 + BE according to my trading plan
Thanks for the chart and good night, 1:30am in UKā¦
Fil.