Trading session: UK, London Open Trading Approach: Top down analysis
Trade Details
D1 - Context ( Understanding the bigger picture)
4H - Having a better understanding of where we are now (Price action)
15 min - Trade Execution timeframe
Knowing that you can trade the smaller phase 2 when looking at momentum and knowing they give you equal opportunity's, not just from bigger Phase 1 Moves.
Key
Phase 1 - Main move in price action
Phase 2 - Correction - Period of consolidation - Or even a pullback.
d1
4H
15 min
Trade Details
D1 - Context ( Understanding the bigger picture)
4H - Having a better understanding of where we are now (Price action)
15 min - Trade Execution timeframe
Knowing that you can trade the smaller phase 2 when looking at momentum and knowing they give you equal opportunity's, not just from bigger Phase 1 Moves.
Key
Phase 1 - Main move in price action
Phase 2 - Correction - Period of consolidation - Or even a pullback.
Komen:
AUD/USD is the incorrect chart, trading view will not allow me to change this.