the fundamentals are as follows EUR is weak but mixed and USD is strong but mixed. there was a digestion process after the NY session broken the low of LONDON session. and after the digestion, there was little range.
FUNDAMENTALS= JPY WEAK. USD STRONG. DIGESTION IS FORMING ON UPEER SIDE OF THE CHANNEL AND A LITTLE RANGE IS DEVELOPING( 3 MIN. TIMEFRAME). LET'S SEE HOW THE TRADE WILL PERFORM.
THE FUNDAMENTALS ARE SAYING THAT AUD IS STRONG AND JPY IS WEAK. ON LARGER SITE THE TREND IS STILL DOWN AND IT LOOKS LIKE A PULLBACK BUT ITS A PULLBACK WITH A TIGHT CHANNEL FORMING AND NEAREST RESISTANCE IS LITTLE FAR FROM MY TP. AND IN THIS CHANNEL; DURING PULLBACK THE DIGESTION IS TAKING PLACE(15 MIN. TIMEFRAME) AND THEN THERE IS A RANGE FORMING. SO I ENTERED....
a little range is developing on 15 min. timeframe after the digestion process. and no it should be going down
THE FUNDAMENTALS WERE SAYING THAT EUR WAS STRONG BUT MIXED AND AUD IS WEAK BUT MIXED. AND DURING PULLBACK THERE IS A DIGESTION PROCESS AT THE END AND RANGE IS DEVELOPING. THIS TRADE IS VERY RISKY BECAUSE FUNDAMENTALS ARE MIXED. BUT I TOOK THE TRADE. IF IT STRUGGLE TO GO UPWARD I WILL EXIT.
THIS IS EXACTLY SAME TRADE LIKE USD/CHF. BUT I DIDNT TOOK THE TRADE BECAUSE I FORGOT ABOUT IT. BUT IT IS REALLY GOOD ANALYSIS WHICH CAN HELP YOU. BUT MY ENTRY WOULD HAVE JUST AFTER THE RANGE IS BROKEN OR LITTLE BIT EARLY AND MY EXIT WOUL HAVE TOP SIDE OF THE RANGE.
THIS IS ALSO TODAYS TRADE AND I ENTERED 2 TIMES IN THIS PAIR. IT IS A RANGE IF YOU SEE 1 HOUR TIMEFRAME AND 2ND TRADE(this trade) WAS A BIT RISKY BECAUSE THIS TIME THE MARKET WAS AT DOWNSIDE OF THE RANGE. BUT I TOOK THE RISK AND ENTERED AND MY TARGET HIT.
THIS WAS BEST TRADE FOR ME TODAY WHICH I TOOK 1 HOUR AGO. AS YOU CAN SEE THERE IS A RANGE ON 1 HOUR TIME FRAME. AND IF WE SEE MORE DEEPLY ON 3 MINUTE TIMEFRAME THEN WE CAN SEE THAT MARKET IS AT DOWNSIDE OF THE RANGE DURING THE SMALL RANGE ON 3 MINUTE TIME FRAME AND DIGESTION PROCESS WAS IN PROCESS AND AS SOON AS RANGE WAS OVER I ENTERED. BUT I EXIT VERY SOON AT...
THIS IS THE TRADE I TAKE FEW HOURS AGO... THIS IS AN INTERESTING ANALYSIS THAT'S WHY IM SHARING THIS WITH YOU ALL. AS YOU CAN SEE THE RANGE IS BROKEN AND MARKET WAS GOING DOWN SHARPLY... SO I WAS LOOKING FOR A PULLBACK AND DURING PULLBACK THERES A DIGESTION PROCESS GOING ON(in 3 min. timeframe) AND AFTER THE DIGESTION PROCESS IS OVER I WAS LOOKING FOR A SMALL...