Enter the LONG position @0.9725 as the 4 HR chart broke out of resistance trend line, retested @20/50 EMA, main pivot, and previous resistance trend line. Massive MACD divergence
4 HR chart hit my first target @0.9785 area, can exit the trade now for 1.5% profit or hold through pullback and target 0.9855 for 3% profit.
Date: 01/11/2017 Time: 15:00 GMT
Transakcja zamknięta: osiągnięto wyznaczony cel
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Now the price has hit my Target 2 @0.9855 for 3% profit.
Komentarze
Trader_Dale
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Thanks for your great analysis!
Here is my view on AUD/CAD if you are interested:
Based on Market Profile (volumes) and Price Action there are two very strong resist/support zones. If you look at the Cummulative volume on the right you can see 3 main volume areas. The biggest one in the middle (around 0.9850) is POC - point of control of the year. It could be used as a magnet (place for profit target) for both of the positions.
Both the volumes around 1.003 and 0.972 made the markets move. Now I think that the market participants that created those 2 Volume clusters will still be active when the price reaches those areas again and move the price again.
There are more Market profile swing and intraday analysis at my profile page. You are very welcome there!
Dale
jojofang0901
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@Trader_Dale, Wow! What a great in depth analysis, I love your work here. Keep up the excellent work. Joe
No1_Playa
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Thanks for sharing another awesome opportunity with us today!
jojofang0901
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@No1_Playa, Hey no problem, glad you are enjoy looking at the charts.
Here is my view on AUD/CAD if you are interested:
Based on Market Profile (volumes) and Price Action there are two very strong resist/support zones. If you look at the Cummulative volume on the right you can see 3 main volume areas. The biggest one in the middle (around 0.9850) is POC - point of control of the year. It could be used as a magnet (place for profit target) for both of the positions.
Both the volumes around 1.003 and 0.972 made the markets move. Now I think that the market participants that created those 2 Volume clusters will still be active when the price reaches those areas again and move the price again.
There are more Market profile swing and intraday analysis at my profile page. You are very welcome there!
Dale