50% pull back into resistance and TP Nicely at the next level of support and aligned with the 161 extension
2nd trade idea ' so any feedback would be appreciated and not taken to heart
Julianvr10 minutes ago
Daily gap trade idea. Waiting for a break and close beneath the 50 EMA on the 15 min Chart.
Rookie921 hours ago
8EMA Daily Gap close
4Hr TF: Price above 8EMA
1Hr TF: BCR of 50EMA in progress. Wait for it to be complete
15min TF: Wait for BCR of 50EMA + 3 Continuation candles + Sniper criteria
Please note: Daily Gap closes require patience, do not take any short cuts and let the criteria come on side.
Risk accordingly, trade safe. Good luck
GabrielleJune2 hours ago
EURAUD Daily Gap Close
We have had a huge hike up to a level of major resistance at 1.68283 and have been pulling back for the past 24 hours or so to retest S&D at 1.65880.
Yesterday we had a 4H Gap close which continued past its 8EMA and continues to drop. Currently we have broken beneath the 1H 50 EMA and are coming up for a retest. With the 15 minute moving averages beneath price, we want to wait for a BCR beneath the 15m 50 EMA and then two to three candles of continuation with sniper onside.
Side note: We have a small 4H gap that needs to be closed first before any of the above can take place. Never trade away from a gap and always wait for sniper to be onside, We could get a nice 1.5 RR with this one, but patience is key.
Trade safe folks and good luck!