Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
The price went up to the important zone 1. The first time I missed the opportunity to enter. For the second time I saw the weakness of the buyers and the expediency of entering downstairs. The entrance is 5 candles down.
On 1H side motion. During the analysis, I saw a couple of hints that when the movement leaves the BC, it is likely to move down. Pushed it out of the way. At 5M, after a slight downward movement, the price also got stuck in the sidewall. Looked for entry points from zone 1 to support. The first entrance, the weakness of buyers at 1M and the entrance to the shorts for 5 candles. You're lucky.
In the second case, after the support was broken down, I wanted to see the buyers' weakness. That's what I wanted to see. Entering the shorts for 4 candles, waiting for a strong impulse down. The price went up for the Zone 1 test and collapsed, completely breaking through the support.
AUD/CAD
(pasted screenshot)
The price went up to the important zone 1. The first time I missed the opportunity to enter. For the second time I saw the weakness of the buyers and the expediency of entering downstairs. The entrance is 5 candles down.
Can you help answer these questions from other members on NexusFi?
The downward trend on 1H. Waiting for the completion of a small rollback at 1H and a rebound from zone 1. Performed two entrances from this area. But the price quickly turned around and went for a second test.
There was also a strong zone 2 at the top. The rollback on 1H is deeper than I expected. The rebound from zone 2, was considered a good idea. Entering from zone 2 by 4 candles down.
On 1H you can see a clear downtrend. At 5M zone 1 was marked. Zone 1 is an important area. When the price fully entered the zone, decided to enter down. Performed 2 inputs on kickbacks (1M), towards Zone 2. Then expected a breakthrough of zone 2 and continuation of the global downtrend.
