AUD/USD Long Position Simple PA Strategy

4 avr. 2021

4hr Timeframe
Looking for the break and retest of the 50EMA.

If it breaks we are looking to get in on the retest of the 50EMA for a long position.
Wait for a bullish confirmation candle showing rejection at the 50EMA.

Keep this simple! Less is more!

Place SL with structure! Manage your risk!
BE PATIENT!!!

9 avr. 2021

Note

Price decided to go sideways, so I have drawn a box around the consolidation and I am waiting for it to either do a fake breakout to the up or downside with a lot of momentum, or a break in structure meaning looking for it to start creating HH's and HL's or LH's and LL's then wait for the break of the box to determine if I stay bullish on this pair.

I always have multiple strategies because the market is unpredictable yet we know it can only go 3 ways so when I'm looking at a chart I look for all possible scenarios then apply the strategies that is best for that moment in time. You have to be versatile and be able to adapt being a Price Action trader.