The market is completing the weekly structure in several pairs like AUDUSD and EURGBP. I like to trade these pairs and just want to warn you all to be careful selling highs just yet. I'm not saying it won't go down but if you understand market dynamic you understand why the highest probability trade is just not there yet.
I gave several possible examples on how AUDUSD might unfold but my favorite trade really is selling from higher levels (0785 ish for August and 0.81 for complete structure). Structure will tell what to do so if it reverses I will join. However be patient because once market dynamic and structure are lining up the real money can be made (that's just not the case yet). Personally I made a lot of money buying others sells in EURGBP and AUDUSD the recent trading day's because we are not done yet. I play this simple, I buy bullish reversals from lower time frames up to my targets from. Place stop loss at break even when possible, we either make a new high and I make my profits or I get stopped out at break even and we most likely reverse. Then I adjust because although I have my ideal scenario's I keep an open mind at all times.
updates will follow
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I gave several possible examples on how AUDUSD might unfold but my favorite trade really is selling from higher levels (0785 ish for August and 0.81 for complete structure). Structure will tell what to do so if it reverses I will join. However be patient because once market dynamic and structure are lining up the real money can be made (that's just not the case yet). Personally I made a lot of money buying others sells in EURGBP and AUDUSD the recent trading day's because we are not done yet. I play this simple, I buy bullish reversals from lower time frames up to my targets from. Place stop loss at break even when possible, we either make a new high and I make my profits or I get stopped out at break even and we most likely reverse. Then I adjust because although I have my ideal scenario's I keep an open mind at all times.
updates will follow
like me on facebook for more in depth analysis and to stay in contact until website launch.
www.facebook.com/wwwtimstuytscom
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Still playing the range so manage stops closely if you are short because it can reverse easily within this yellow box, watch for consolidations before trading the continuation. We have FOMC later today so be careful.
