***MEMBER UPDATES***
The new file pack for all EAs, indicators, templates, etc is now released. This is phase 2, so please send in a support ticket if anything is not working correctly. This release includes corrections to the Afternoon Delight EA and template, Poppin Picaso template, Rockin Renko template, Divergent template, The Patriot template, The Wick Hunter template and Iron Wonder template.
Phase 3 release will include the updated US 500 EA and template and Sausage and Sushi EA and template with the issues reported from release of Phase 1.
These new files require a different connection, so please be sure to follow the rules to ensure proper connection. It is very important that you download the new files to your MT4 as the old ones will no longer work in 1 week.
CLICK HERE to download the new file pack and follow instructions
***
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 – 0.662344 – 0.659939
AUDUSD – 0.704203 – 0.701417
USDCHF – 0.917928 – 0.915270
EURUSD – 1.166077 – 1.163058
GBPUSD – 1.298732 – 1.291264
D1 Analysis:
- NZDUSD
- The 0.651471 level held and we are expecting sideways movement in between 0.675886 and 0.651471 in the upcoming weeks.
- If the 0.651471 level breaks then we can expect a reversal to short
- If the 0.675886 level breaks then we can expect a push to the 0.681232 level and long trend continuation
- AUDUSD
- We can expect some sideways movement in the upcoming weeks
- Key Levels are 0.725626 and 0.702139
- USDCHF
- trend reversal is still following all rules
- We had a pretty active push to the upside last week, so potential sideways movement or initial correction could occur this week
- EURUSD
- The short reversal is still following all rules
- We can expect sideways movement or continuation to the downside in the upcoming weeks
- Key level to watch for is 1.186067. If it breaks to the upside then we exit and wait for another setup
- GBPUSD
- Fulfilled the sideways movement we were expecting last week
- If price breaks below 1.262537 then we can expect full trend reversal to the downside with next target of 1.255473
Cheers to another successful week!
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