Lol AUd/USD wasn't the go it seems, still a good short it for...

  1. 2,131 Posts.
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    Lol AUd/USD wasn't the go it seems, still a good short it for the moment

    Hi Boss

    You identified the start of a trend on H4 but why did you think it has failed YET.

    A - Higher Low - First warning that the Bearish trend is finished on H4
    B - Higher High - H4 Bearish trend is finished on H4
    C - Higher Low - First clue we may be starting a Bullish Trend
    D - Higher High - H4 Bullish Trend complete maybe BUY
    E - Higher Low ( Too early to call ) , very safe entry as a BUY

    Do we buy at higher risk as a Demand Trader at D
    Do we wait to Buy at a lower risk as a Supply Trader at E

    I would wait for E next week to be safe.
    Tonight's NFP will probably destroy this pattern anyway

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