There's a lot more that goes into intraday trading than what I'm about to show here but thought it might be helpful giving part of an analysis we typically do in our trading sessions and bulletins.
Without a complete understanding of risk management and other parts of a well formulated trading plan, inexperienced traders will fall into more harm to their account than good.
Below is a brief illustration where as of this posting there have been a few intraday opportunities with the AUD.USD pair we started this Blog with. Please note again that this is only part of an analysis and posted here just as an example to spur thoughts.
The diagram illustrates a few concepts being a directional pattern based trade in line with the higher daily trend to pinpoint entry and stop placement using advanced Fibonacci analysis within DiNapoli levels.
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