9/18 Analysis: Patience Equals Profits

Today, at the London open the market was trading flat. However, if you had some patience, we see this pattern emerge 35 minutes into the session.

The AUD (orange line) is strong with a very steep line to the far right indicating current momentum in the market. The USD (blue line) is weak with a very steep line to the far right indicating current momentum. They are diverging away from each other which is what we want to see.

AUD/USD BUY

Even if you would have entered at the top of that price bar (worst case scenario), the pair continued going up by over 30 pips after a slight pullback which would not have stopped you out.

When you watch the entire video analysis below, I’ll show you another profitable trade set up from today’s session:

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