A
Kelvin
@asuquokelvin
Last seen:
4 hours ago
I am an ICT trader build up in ICT methodology
67 Followers
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Price made a retracement back to your SL level and right now showing some bullish strength to recover the marked high, if price breaks above there then the bulls continue the trend but if that is a sign of trend exhaustion it means more downside at the moment
I just love gold you can easily scalp and get little money , but for currency you can't scalp and get a reasonable amount except you use big lot which i am not ready to do
+2
Wait for confirmation don't just sell, because Aud itself is not strong, it's buying due to dollar weakness
The yields change base on the fact that the bonds increase, once treasury bond increases yield tend to fall because everyone is sourcing for the bond and it will be sold for higher than previous price but with same return, let's say for example the us government call out to investors borrow us money which is the bond and we will give you 5% interest every year which is the yield, so now if the bond was for 100$ and yearly return is 5% then if fed announce new rate decrease to 3% then we will have bond A and bond B people will want to still go for bond A which gives 5% yield but may not be at 100$ again but will go for 120$ which instead of giving yield of 5$ interest will give yield of 4$ interest and if bond keeps rising while yield fall it weakens the dollar more because investors become less interested, but if bonds are cheap let's say from the 3% rate the fed now announce a 6% increase in interest rate now those that bought treasure bonds earlier for 5% yield will sell their treasure bond now the much sells will signify that investor are withdrawing from low yield from the previous bond to higher yield, so bond price will fall , because of the massive sells then the yield of 6% still remain for the new bond let's say 80$ to 6% yield in one year,so it all revolve around interest rate, hope it answers your question
I have the same idea but I don't know for sure if price will sweep liquidity above those highs before selling again
A sweep above that 15min high can also give me a confirmation to go low but the funny part is that price is in a demand zone and I can't sell there, so instead I will wait for there to become a resistance
Am not really sure, is USD that got weak, but I think AUD is more weaker than usd because aud has not been able to break above the last supply level on the 4hr timeframe so I think AUDUSD still has selling tendencies
Am not concerned on the manipulation and more concerned about my pd array levels, around 38.2 to 23.6 if price action around there doesn't show a bullish reversal when price gets there I will just leave it
Am not concerned on the manipulation and more concerned about my pd array levels, around 38.2 to 23.6 if price action around there doesn't show a bullish reversal when price gets there I will just leave it
I didn't know what was really going to happen for sure but i knew that with fed news coming I should be cautious, and definitely price raided the rectangle shape level I marked
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