***MEMBER UPDATES***
The new file pack for all EAs, indicators, templates, etc is now released. This release includes the updated US 500 EA and Sausage and Sushi EA Templates. Please be sure to report any functionality issues in a support ticket and our team will work hard to make sure to add to the top of the list.
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***
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 – 0.694638 – 0.691751
AUDUSD – 0.731867 – 0.729221
USDCHF – 0.912329 – 0.909965
EURUSD – 1.187065 – 1.184544
GBPUSD – 1.330522 – 1.325474
D1 Analysis:
- NZDUSD
- Currently in long continuation phase
- Price is in key supply zone
- Watch for initial correction
- AUDUSD
- We can expect some sideways movement in the upcoming weeks
- Key Levels are 0.725626 and 0.702139
- The key level 0.725626 was reached however the candle body is right at the level. Waiting for a further push up with candle body hold before continuation of long
- USDCHF
- Key level 0.89976 broke last week and immediately pushed back into range
- Expecting sideways movement between 0.920408 and 0.89976 in upcoming weeks
- EURUSD
- Expecting sideways movement between 1.193716 and 1.171507
- GBPUSD
- Expecting sideways movement between 1.331876 and 1.295554
Cheers to another successful week!
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