B:
• MONTHLY:- Month of July market closed as a bearish engulfing, suggesting through and until the back end of 2019 market are overall in a bearish phase (Bearish)
• WEEKLY:- Similar to the monthly, last week candlestick has closed as a bearish engulfing also suggesting a further decline, this is also coupled with the fact that short & long term EMA's are facing south showing momentum is (Bearish)
• DAILY:- Recent daily structure has shown for some time now the market is bearish, clear LL & LH's being formed we are half down the next LL phase.. my anticipation is further decline thus pair being (Bearish)
L:
• Simple.. The level in which i'll be trading this pair at is 1.011, the is the mid range region of EU range which we had a relatively speaking strong break and close below.. thus confirming our move
• i also waited for a sign of retracement with some signs of rejection as confirmation and place an entry as this level
• Awaiting to see if this region will hold as resistance and fall to the downside
• Side Note for B:- medium / short term timeframe 4-2H also showing clear cut LL's so i awaited a entry upon the retracement then entered short
S:
• No direct P'A bounce signal for entry,
• Signal could be said to of been signs of rejection / retracement also.
(Trading Journal)
- Trade at your own risk, this is just for me to keep track of my trades and performance.
• MONTHLY:- Month of July market closed as a bearish engulfing, suggesting through and until the back end of 2019 market are overall in a bearish phase (Bearish)
• WEEKLY:- Similar to the monthly, last week candlestick has closed as a bearish engulfing also suggesting a further decline, this is also coupled with the fact that short & long term EMA's are facing south showing momentum is (Bearish)
• DAILY:- Recent daily structure has shown for some time now the market is bearish, clear LL & LH's being formed we are half down the next LL phase.. my anticipation is further decline thus pair being (Bearish)
L:
• Simple.. The level in which i'll be trading this pair at is 1.011, the is the mid range region of EU range which we had a relatively speaking strong break and close below.. thus confirming our move
• i also waited for a sign of retracement with some signs of rejection as confirmation and place an entry as this level
• Awaiting to see if this region will hold as resistance and fall to the downside
• Side Note for B:- medium / short term timeframe 4-2H also showing clear cut LL's so i awaited a entry upon the retracement then entered short
S:
• No direct P'A bounce signal for entry,
• Signal could be said to of been signs of rejection / retracement also.
(Trading Journal)
- Trade at your own risk, this is just for me to keep track of my trades and performance.