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 – 0.706352 – 0.701899
AUDUSD – 0.745055 – 0.741025
USDCHF – 0.893054 – 0.889366
EURUSD – 1.214896 – 1.209808
GBPUSD – 1.346078 – 1.341066
- Currently in long continuation phase
- We may experience a correction to the 0.694367 level
- We can expect some sideways movement in the upcoming weeks
- Key Levels are 0.725626 and 0.702139
- Continuation of short broke last week
- We may see a correction to 0.897187
- Broke previous resistance last week for continuation of long trend
- We may see a correction to the 1.201224 level
- Expecting sideways movement between 1.35142 and 1.33200
Cheers to another successful week!
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