Eyes on AUDUSD and other AUD pairs
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DislikedI will watch FTSE100 futures closely tomorrow and next if there will be a trigger to the downside. Price is playing under the 60M LWMA and 4hr supertrend. if it continues like this, the MA's will converge and soon price will push out to one direction (looking like the downside... maybe) {image}Ignored
DislikedThe idea is to wait for the market to "compress itself" and trade in the direction of the following BREAKOUT. Normally, a breakout will happen to signify movement away from the compression. Note: there can be fake movements, hence i prefer a MTF approach to see whats happening in the higher TF up to 1hr when trading the 15m or 30m charts. I prefer to 1. SELL after a compression breakout under the 4hr supertrend line 2. BUY after a compression breakout above the 4hr supertrend line Once the breakout happens, watch out for the first DIAMOND on the...Ignored