I really hope this is the case, I was early into the trade and want to turn this current losing position into a winner winner chicken dinner!!!
YuriyFyedin
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@allthevines9, Well, i hope so, i also want a winner winner chicken dinner lol, just don't forget this is a day chart. If you wanna know when to enter at the exact moment, go on the 4H chart and 1H chart, and look for the standard deviation to weaken. It has to be weak and make a curve. This would mean that the current bears have no more strength, then you would enter. Hopefully, you make some profits.
YuriyFyedin
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@YuriyFyedin, What you have to know is that from i saw, i verified the trend, the conditions, the fibonacci channels, everything on GBP/AUD. GBP/AUD shows a lot of bears are entering the market. This means that here, we will have a reverse situation. That means you go LONG on AUD/CAD and you short GBP/AUD. Always vice versa. Good luck.
allthevines9
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@YuriyFyedin, Thank you buddy, I was using RSI yesterday plus a bit of interpretation of MACD & price action, I'm also on the day chart too
YuriyFyedin
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@allthevines9, `your welcome :) and we just had really good bullish candles form. Almost jumped 70 pips which is good.
rafedihs
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@YuriyFyedin, TP? Like 2 days ago's low rebound to 0.97xx but then fall again, i hope this candle is the right one, been floating from monday from 0.97