Clean 4Hour analysis GBPAUD
I was scalping lately, as volatility was available. Trends are looking more like they are ready to continue their original directions. I'm going to be entering for more long-term holds, as I'd like to go on vacation & relax soon. Perfect timing, as there's no need to day trade if the trends are there to just ride...
Going to go through the list of pairs I'm watching or already in. Decided to do cleaner analysis's, using the 4H & 1H charts.
Divergences are noted. Be on the lookout for Reversal signals, as we retest tops & bottoms.
My moving average is 369...because Tesla said so lol!...you know, harmonics or whatever. It's just there to guide me on short term pullbacks. I could really trade without it & the On Balance Volume. It's there for anyone needing confirmation. Using The Bollinger Band in my previous analysis was doing the same thing, as it guided me on the 1H at support areas to re-enter the trend continuation (Again, my settings are .382 & I enter when 5 bars close & price passes above the high of all 5. This is a strategy I learned from Seven Primo).
I'm also keeping track of Daily & Weekly Supply & Demand Zones, watching closely for double tops when we enter.
Red or Green indicates trend direction. If trend changes or I take profits, I'll update.
Going to go through the list of pairs I'm watching or already in. Decided to do cleaner analysis's, using the 4H & 1H charts.
Divergences are noted. Be on the lookout for Reversal signals, as we retest tops & bottoms.
My moving average is 369...because Tesla said so lol!...you know, harmonics or whatever. It's just there to guide me on short term pullbacks. I could really trade without it & the On Balance Volume. It's there for anyone needing confirmation. Using The Bollinger Band in my previous analysis was doing the same thing, as it guided me on the 1H at support areas to re-enter the trend continuation (Again, my settings are .382 & I enter when 5 bars close & price passes above the high of all 5. This is a strategy I learned from Seven Primo).
I'm also keeping track of Daily & Weekly Supply & Demand Zones, watching closely for double tops when we enter.
Red or Green indicates trend direction. If trend changes or I take profits, I'll update.
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