Mike wrote:kwanann wrote:Mike wrote:...
AUDCAD H4
Since April 4th I can see 3 Levels and right now 3 Pins, telling me to go long
AUDCAD H1
Since April 19th 2 levels have formed, ending in a W, actually at the second leg North, again telling me to go Long.
Then I see on D1 a major support-zone and a double top
Looking at the hourly, it still seems to be going down with no end in sight yet, i won't exactly trade long now..
Thanks kwanan. If on H4 I see a big Range Aerea (blue) I get down to two Levels and it makes it easier to just wait.
I dont really have access to a full terminal, so its going to be pure text.
I intentionally skipped H4 because everyone's H4 is going to be different
1. Looking at H1, it started the week with a drop, ie someone wants it to go down
2. Yesterday was monday, nothing really indicative generally happens on monday, looking at it now, the pin is no more on the D1
3. On the D1 still, it is kind of in the middle of nowhere
4. Zooming to the H1, seems to be some pins just a while ago, might be a scalp up, if you want to play, might want to play it tight and see where it gets you
Personally i take confirmation from the D1. Usually before it goes the other way, it will spend a few days ranging in that area and the pins will offer confirmation