Twenty fifth day.
Hello Traders!
The deliberate closure of the aussie trade. AUDUSD (6A)
Main reasons: – Price is approached a serious psychological resistance, in which the previous form was converging “Horizontal Triangle”.
Robert Balan noted that different types
of “HT” are reliable indicators that precede the final stage of the current movement. As a result of years of research, Tengri traders can only add that “horizontal triangles” are also a powerful barrier in the form of support or resistance, even after many years.
For this reason, we recommend novice traders(especially to beginners of EWA/EWP ) always pay attention to similar phenomena on the market. For better understanding, we presented to you a video in which you’ll see the nature and property of the “horizontal
triangle” through the powerful influence to the price.
Enjoy watching.
Notice! This is the professional Trader’s blog, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint.
We trade in all financial markets, there are no boundaries or limitations.
We wish all of you successful trades and profits!
Kind regards, Team traders “Powerful Traders”
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