AUD/USD Long Position Simple PA Strategy

2021年4月4日

4hr Timeframe
Looking for the break and retest of the 50EMA.

If it breaks we are looking to get in on the retest of the 50EMA for a long position.
Wait for a bullish confirmation candle showing rejection at the 50EMA.

Keep this simple! Less is more!

Place SL with structure! Manage your risk!
BE PATIENT!!!

2021年4月9日

注释

Price decided to go sideways, so I have drawn a box around the consolidation and I am waiting for it to either do a fake breakout to the up or downside with a lot of momentum, or a break in structure meaning looking for it to start creating HH's and HL's or LH's and LL's then wait for the break of the box to determine if I stay bullish on this pair.

I always have multiple strategies because the market is unpredictable yet we know it can only go 3 ways so when I'm looking at a chart I look for all possible scenarios then apply the strategies that is best for that moment in time. You have to be versatile and be able to adapt being a Price Action trader.