following
NZDUSD selling place is shut.
But be cautious usd data release within this week.
Maybe we found another cross of nzd. NZD is drained I think
EDIT: after 16 hours. Price is above of TL we watch price action. No action.
For example CADJPY. Friday was shut at by me. Best pair today. Timing fault.Originally Posted by ;
GBPAUD retrecement buy thought. Retrecement can be completed in this hour or next candle that was 4hours.
Do you suppose GDPAUD specifically? Is it because they look weakest and strongest on the 1 second time frames?
Also What's Your outlook for the GDP? In the majority of the currencies it looks like GDP has hit that level in which it will either bounce back or keep going downwards. The overall trend to get GDP is downward based on weeks and months, ofcourse, you do not trade for that long nor do I.
hi hmsr. Gbpusd has great open space until almost 1.3050. And look gbp it boost 25pips in 3 minutes. That means someone cameOriginally Posted by ;
I look GDP. I look currency rate. GDP is depended upon by it too. It blend our decisions if we look to a lot of things. 1 shot is sufficient for now.
Another gdp currencies seem positive for GDP in my opinion as they have broken some trendlines. Where would you put your tp on GDPAUD?
Hsmr you cite abou GBP or GDPOriginally Posted by ;
GBPUSD maximum point 1.27000-1.2750 level I think. Up move is potential for now. But it doesnt mean uptrend.
Dont forget. If it drops with momentum it doesnt return quickly. In this opinion I am not long at gbp.
And dont miss 3 times later monthly bar will close. Ask yourself where will they shut? And open chart
Thank you for opening up the ribbon on price action. I'm a newbie and would like to get a grip on P.A and was wondering in the event that you're able to clarify your thought process when going to each trade.