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 – 0.717173 – 0.713378
AUDUSD – 0.747309 – 0.743768
USDCHF – 0.912312 – 0.909897
EURUSD – 1.189739 – 1.186681
- Currently in a correction phase
- Consolidation period
- Key Levels – 0.716806 – 0.709966
- Correction phase
- Key Levels – 0.914837 – 0.912367
- Tightening into the triangle trend, waiting for a major breakout
- Key Levels – 0.916261 – 0.911573
- Correction phase
- Key Levels – 1.189807 – 1.184002
- Correction phase
- Key Levels are 1.388469 – 1.380926
Cheers to another successful week!
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