Hello everyone! This post is covering the Market Commentary for multiple assets using The Professor and Pure Price Action Technical Analysis.
Please remember that we want the candle body to close above or below the new defined range for validation to enter the trade. Avoid getting caught in a trade with some of those wicked wicks!
Also, remember to set your trailing stop around 25 pips (using previous support resistance will give you best results). Majority of these trades reach 50 or more pips, but protect your profit in case the trade turns around.
SL is set at the opposite side of the new defined range.
New Defined 4H Ranges:
NZDUSD – 0.713925 – 0.709087
AUDUSD – 0.742175 – 0.737369
USDCHF – 0.913415 – 0.910211
EURUSD – 1.157822 – 1.155316
D1 Analysis:
- NZDUSD
- Currently in a long consolidation period
- Key Levels – 0.714233 – 0.707851
- AUDUSD
- Overall long trend
- Key Levels – 0.743773 – 0.735536
- USDCHF
- Sideways movement
- Key Levels – 0.915754 – 0.909405
- EURUSD
- Continuation of short trend
- currently in consolidation sideways movement
- Key Levels – 1.160213 – 1.151966
- GBPUSD
- Consolidation period
- Key Levels are 1.354623 – 1.343865
Cheers to another successful week!
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