Identify the Trend
T he first thing to do is to identify whether there is a rotation or a trend. In this case it is pretty simple. The 1st VWAP deviation (Weekly VWAP) is moving upwards. This means that the price and volumes are shifting upwards and that there is an uptrend.
In this case you could also tell by just looking at the price action without using the...
Good afternoon traders ,
AUDUSD has been one of my favourite pairs to trade this period as it gave us clear short setups.That was my view
Now I am looking for more drop to complete the iii impulsive wave, my sell limit will be at (0.73090). However, if break down sooner , I will join.. Any breakup of 2nd corrective wave invalidate the idea.
Take care
