Euro / Dolar AustraliaTelah dikemas kini Structure analysis on EURUAD
We were in a downtrend, and we tested major daily support making New Structure Highs. The market have moved sideways after that.
STORY (I learned this from my mentor, Akil Stokes, and I find it very useful):
I see "level 1" like if it were the main war zone between bulls and bears. If the bears win and we see a move lower, I would expect that the bears were tired from the battle (Over sold) and needed a place to rest (Previous structure).
While backtesting the 2618, 2618 that completed on setups like this one had a high win%. However, that was just an eye test; I could be extremely wrong. I am just practicing my technical analysis skills.
STORY (I learned this from my mentor, Akil Stokes, and I find it very useful):
I see "level 1" like if it were the main war zone between bulls and bears. If the bears win and we see a move lower, I would expect that the bears were tired from the battle (Over sold) and needed a place to rest (Previous structure).
While backtesting the 2618, 2618 that completed on setups like this one had a high win%. However, that was just an eye test; I could be extremely wrong. I am just practicing my technical analysis skills.
Nota
We arrived to the killzone with a nice ABCD pattern, yet we did not get a double bottom before it retraced back to where targets would have been. Moreover, I do not feel comfortable fighting that structure level and aim for higher targets.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.