Thread: Price Will Tell - Supply/Demand Price Action Trading

gbpaud is cheap(er) htf.
Beginning to reverse the tides h4 h6, daily isn't as persuasive yet.
Prices above 1.6275 are essential for almost any odds of the continuing up.
Pound news shortly.
If this transactions above 6275, 6185ish must hold as service. Momentum will be key.
Trimmed most of my longs to not be trapped in a news spike.

Originally Posted by ;

gbpaud is cheap(er) htf. Starting to reverse the tides h4 h6, daily is not as convincing yet. Prices above 1.6275 are essential for almost any odds of the continuing up. Pound news shortly. If this transactions over 6275, 6185ish must hold as support. Momentum will be crucial. Trimmed nearly all of my longs not to be trapped at a news spike. picture

Hello 89ks,

I agree with you about its too early to tell to get a bullish movement. All greater time frames are bearish, particularly on the daily where price is currently congested and if it clears through on the H4/H1 time frames using a retest or great candle configurations, we'll be targeting the white hurried support line on daily chart. Also observe the series of lower highs.

I yesterday shorted/scalped few pips on M30 .

The only logical reason behind the current congestion on daily, is the price has touched on the yellowish trend line and should break through it.

Attached H1 which clearly defines the range of current PA..

Originally Posted by ;

gbpaud is cheap(er) htf. Beginning to reverse the tides h4 h6, daily isn't as convincing yet. Prices above 1.6275 are necessary for any odds of the continuing up. Pound news shortly. If this trades above 6275, 6185ish should hold as support. Momentum will be crucial. Trimmed nearly all of my longs not to be trapped at a news spike. image

could not price above 1.6275.
1.6185ish held, missed it, and struck goal.
To keep up, we will need to price above 6265/6275.
Looking to buy about 1.6105 if intraday lows set support.
6305 6325 may be res if that rips, not considering it

.

Originally Posted by ;

quote Hi , I agree with you about its too early to tell for a bullish movement. All Higher time frames are bearish, particularly on the daily where price is currently congested and if it accomplishes to the H4/H1 time frames with a retest or good candle formations, we'll be targeting the white hurried support line on daily chart. Also observe the series of lower highs. I shorted/scalped few pips on M30 . The only logical reason for this current congestion on daily, is that price has touched the yellowish trend line and needs to break...

good occupation, scalp which sucker dry

Originally Posted by ;

quote good job, scalp Which sucker dry

EUR CAD

Over the daily, Price has created a lower high and is going to touch the upper trend line giving some room for scalps.

Shortened on 30 min.

shortened GBP USD as well

I Really like the PA on USD CAD

Some annotations on the charts H4 and H1

USD CAD: still running (will Probably Be holding position Within weekend)

GBP USD: -11 pips

EUR CAD : 20

nice fresh level hit after yellen speech. I pulled out early as im off to bed


SG