Audjpy had been on a downtrend. It’s time for the bulls to take the fire sale.
1. institutional order block now satisfied. Price gravitates to such market imbalances. Rise is inevitable to one of the fibonacci levels.
2. Multipl bullisj divergence signals
3. TDI calling for retrace
4. Target 3 from satisfied.
5. order block at 93.154 coincides with fibonacci levels
6. Order Block at 96.88 could act as a magnet and draw price there.
Await a confluence signifying a rise, then take a satisfying long
Remember: life often disrespects charts so trade with caution
Market order position upon the confluence of valid entry rules on the 4H or 1H chart.
Trading philosophy: Don’t short at the lowest of the momentum nor do we long at the peak of a impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the master trend.
For ORDER BLOCK trades
When price reaches a or orderblock, ascertain the price reversal by means of
2. Morning/evening stars
3. Several wicks.
4. candles or in the opposite direction
5. Marbouzou in the opposite direction.
6. Break of trendline or fast EMAs
4H chart should confirm that the retrace had turned in the direction of master trend. The should have dropped below zero signifying a environment. Price would have dropped below the 10 and 20 . For good measure, check that the 4h and D1 is below the 50 signal line
4H chart should confirm that the retrace had turned in the direction of the master trend. The should have gone above zero signifying a environment. Price had gone above the 10 and 20 . For good measure, check that the 4h and D1 is above the 50 signal line
The 4H, 8H and 12H chart can reveal hidden divergences on the , , Index, CMFI, and Stochastics. When one or more divergences manifest- be ready. Trend reversal is coming. My best practice is to wait for at least an divergence on the 4H, then drop to M15 to see price shifting with a 50EMA aligned with the 4H divergence.
I am not a financial advisor nor a signal provider. These are the opinions of a 20-year private trader in the legal profession as well as a businessman diversified in the tech and hospitality industries. My favored tools of the trade include wave analysis, price action on the 4H to Weekly timeframes and institutional order flow ( data).
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