AUD/USD retesting short term sup as res 🦘📉

Direct from the desk of Dane Williams,

This is not your average forex broker email.


Afternoon team,

With AUD/USD remaining capped by daily trend line resistance, I explained on the blog why I’m looking for shorts.

A short that I may just have found.

Take a look at the AUD/USD intraday price action on the hourly chart below.

AUD/USD Hourly:

You can see that price is capped by higher time frame trend line resistance and that the second retest of the level was a lower high.

After forming that lower high, price then dropped hard, before pulling back to retest the first area of short term support as resistance.

A potential place to short!

Place your stops and manage your risk accordingly. There’s certainly some potential here.

Best of probabilities to you,

Dane.

EUR/GBP price action from both sides of that zone

Direct from the desk of Dane Williams,

This is not your average forex broker email.


Afternoon team,

I know I haven’t talked live trade calls in this email for a while, but I just keep finding these little areas of price action around old zones that I’ve previously highlighted on the blog.

The way that price reacts to old levels still gets me, giving validation to the way that I conduct my analysis and I know it can be valuable to share with you guys who are still getting your head around things.


While writing today’s EUR/GBP daily market analysis, I was drawn back to the price action from after we’d taken our 100+ pip long trade on the pair.

The way that price reacted breaking back lower through the higher time frame support zone that we used to base that long trade off.

Take a look at the EUR/GBP intraday price action on the chart below.

EUR/GBP Hourly:

At the time, price was above higher time frame resistance, so we were looking for longs. You can see I’ve marked the short term resistance that we were using as support to long off, in green.

Price ripped higher off the retest and we made some money.

But now look at how price reacted to the same zones price went lower through higher time frame support. I’ve marked the retests of the same short term zones we were using to buy off, in red.

Perfect retests from the other side!

Pretty cool huh.


If you have any questions about this setup or the simple support/resistance trading strategy that I use, then simply hit reply to this email.

I read and reply to everyone inside my Inner Circle who takes the time to email.

Best of probabilities to you,

Dane.

EUR/USD intraday price action 🇪🇺

Direct from the desk of Dane Williams,

This is not your average forex broker email.


Afternoon team,

As I said on the blog today, unfortunately I didn’t manage to ride yesterday’s EUR/USD price rip.

However, I did want to talk to you about the price action in Euro.

So in yesterday’s email, I spoke about wanting to wait for EUR/USD to drop to the bottom of the support/resistance zone before buying.

Well, take a look at the intraday chart for the days price action.

EUR/USD Hourly:

Yeah, not even a hint of a pullback to that Daily grey zone.

Damn.

But if you were on the ball, then the EUR/USD price action on that chart is pretty textbook to how we trade.

See that with price above the higher time frame zone, you could have drawn an intraday box from the last area of short term resistance like I have there.

You can see that price then retested short term resistance as support and never looked back from there.

While I didn’t get this one, the price action is worth learning from.

If you have any questions about this setup or the simple support/resistance trading strategy that I use, then simply hit reply to this email.

I read and reply to everyone inside my Inner Circle who takes the time to email.

Best of probabilities to you,

Dane.

EUR/USD zone to put on your chart 🇪🇺

Direct from the desk of Dane Williams,

This is not your average forex broker email.


Afternoon team,

In today’s daily market analysis on the blog, I wrote about EUR/USD ripping off lows, and then tucking back above higher time frame support/resistance.

While in these emails I like to zoom into the intraday charts and look for retests of short term resistance turned support to buy off, there really isn’t too much here yet.

Price has only just pulled back to test the higher time frame zone itself as support, so we’re still waiting to see if it holds.

In the meantime, I’ll share this little extra on the EUR/USD daily.

EUR/USD Daily 2:

While it’s on the daily, it can still be viewed as a sort of short term resistance zone that we can look to trade off, if it is retested as support.

I don’t normally look for these on the daily, but it’s obvious and there, so I thought I’d share.

Put it on your chart and lets watch the reaction if price gets down to the bottom of the zone and tests it.

If you have any questions about this setup or the simple support/resistance trading strategy that I use, then simply hit reply to this email.

I read and reply to everyone inside my Inner Circle who takes the time to email.

Best of probabilities to you,

Dane.

Returning to a possible Aussie short? 🦘📉

Direct from the desk of Dane Williams,

This is not your average forex broker email.


Afternoon team,

I know I’ve been MIA for a week or so, but sometimes real life just draws you away.

I’m sure you understand…

But I’m back and after speaking about AUD/USD rejecting from higher time frame resistance in today’s market narrative blog, I’ve got an intraday setup for you here.

Bring up your Aussie hourly.

AUD/USD Hourly:

You can see the higher time frame resistance zone from the daily chart that we’ve been talking about on the blog for ages now.

So price moved up to test it and held the zone. Remember, we want to see if the zone holds before shorting so the fact that price poked its head above the zone a little bit doesn’t matter.

You can see it was just a wick on the daily anyway.

#1 then shows price printing a short term trend change from bullish to bearish. See the stepping pattern change?

If you didn’t short there, then #2 shows a clear retest of short term support turned resistance. The exact intraday setup I’m always on the look out for.

This is the type of price action that you should be looking for around your higher time frame support/resistance zones!

If you have any questions about this setup or the simple support/resistance trading strategy that I use, then simply hit reply to this email.

I read and reply to everyone inside my Inner Circle who takes the time to email.

Best of probabilities to you,

Dane.

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