B:-
• MONTHLY:-
-Has been showing a possibility of a EMA's crossover for some time now suggesting a shift in momentum
-----------------------------------------------------
• WEEKLY:-
-This is where it gets interesting on the weekly, Last week the market closed as a strong shooting star rejection. with this is understand there is a potential bearish bias in the next upcoming weeks ahead
- EMA's are also situated to the downside already suggesting a further decline in the market
-----------------------------------------------------
• DAILY:-
-Daily, this is also interesting... So on the daily there market has been making waves of LL+ LH's recently we have been in a consolidation and subsequently broke that to the upside... but failed to break the previous LH's (Which suggests
the market is still maintaining it's overall bearish momentum just not in the form of a trendline
-----------------------------------------------------
• HOUR:-
-2/4H Timeframe the market is also creating LL + LH's
-----------------------------------------------------
*Conclusion as higher timeframes suggest bearish momentum in the market *Sentiment*
L:-
• Level we are currently trading is very basic, it's a intraday 4H region. 1.79117, retest zone also.
• Considering the market is making LL + LH's we are anticipating the break of the previous LL which also correlates to the region of 1.78000
• Targets are based upon new LL predicted zone which is below 1.78, @1.77195
S:-
• Signal used is fairly aggresive it's the 4H retest and closing below.. we closed as a strong wick rejection suggesting there was alot of bearish sentiment / orders above 1.791 region.
In conclusion this wasn't the best setup... fairly rushed but hopefully we can see how it plays out, as principles followed.
R = 2.5%
R.R = 2.24
(Trading Journal)
- Trade at your own risk, this is just for me to keep track of my trades and performance.
• MONTHLY:-
-Has been showing a possibility of a EMA's crossover for some time now suggesting a shift in momentum
-----------------------------------------------------
• WEEKLY:-
-This is where it gets interesting on the weekly, Last week the market closed as a strong shooting star rejection. with this is understand there is a potential bearish bias in the next upcoming weeks ahead
- EMA's are also situated to the downside already suggesting a further decline in the market
-----------------------------------------------------
• DAILY:-
-Daily, this is also interesting... So on the daily there market has been making waves of LL+ LH's recently we have been in a consolidation and subsequently broke that to the upside... but failed to break the previous LH's (Which suggests
the market is still maintaining it's overall bearish momentum just not in the form of a trendline
-----------------------------------------------------
• HOUR:-
-2/4H Timeframe the market is also creating LL + LH's
-----------------------------------------------------
*Conclusion as higher timeframes suggest bearish momentum in the market *Sentiment*
L:-
• Level we are currently trading is very basic, it's a intraday 4H region. 1.79117, retest zone also.
• Considering the market is making LL + LH's we are anticipating the break of the previous LL which also correlates to the region of 1.78000
• Targets are based upon new LL predicted zone which is below 1.78, @1.77195
S:-
• Signal used is fairly aggresive it's the 4H retest and closing below.. we closed as a strong wick rejection suggesting there was alot of bearish sentiment / orders above 1.791 region.
In conclusion this wasn't the best setup... fairly rushed but hopefully we can see how it plays out, as principles followed.
R = 2.5%
R.R = 2.24
(Trading Journal)
- Trade at your own risk, this is just for me to keep track of my trades and performance.