Actually i am a big fan of EU, but it is no play now
I moved for USDJPY and see that is very interesting,
So i watch out of this end cycle of corrective leg downtrend.
And seeing it break out channel
I trade only this pair with many entry. with wave counts and bias uptrend.
Now, i closed the trade before big new of FOMC. and it is my bed time.
This trade is win.
as first i think it can go up, and near to break high.
But it hit my stop loss of low (trailing stop) in H1 chart.
So i exit trade, with a little profit.
Entry: Break the triangle
Exit : trailing stop
TP around here.
First, i decided to buy only when graph breakout yesterday, but it not move much.
I try to entry first when see big white, but miss, and set order buy stop at break high, but it fall down sharp.
I think it will continue up, so add order again for going up. and again.
Finally 4 order of 0.1 lot size, Make ke take profit around midnight in my...
I bias Long due to the bigger trend
Find the reversal candle stick and there are 3 candlestick to find the potential to long.
However, I hit the stop loss all.
So find another reversal another.
Bad luck today. T T
Another great week! And one risk free trade is still open, so even better to start this week with a winning trade.
Link to the spreadsheet: docs.google.com
Good luck traders.
Link: docs.google.com
This week I had a business trip from tuesday to sunday so I was not able to trade that much, still the week was pretty good closing at breakeven, but with a bat pattern trade that has hit 1st targets and is still active to try 2nd targets.
Spreadhseet: docs.google.com
So this week was very rough, but that is the reality of trading. After two really good weeks the drawdown had to happen at some point.
After such a week you have to sit back and review your trading, is the drawdown a "natural" drawdown? (which means you traded perfectly but the market did not respond) or an "artificial" drawdown?...
we finally broke out of the consolidation zone and tested 120. found support on 18ema and key monthly level.
I do strongly think at some point this year we will see a huge decline in EJ and i will be mainly bearish on this pair moving forward.
I will be looking for shorts to 118's firstly then will wait to see if we break and rest the weekly trend line.
we will...
expecting up move to the weekly supply/resistant zone .
depend on how today candle close . if not will retrace before resuming .
look lower time frame to find entry .
from this chart , i believe there is possibility for a bullish move toward the supply zone
it already break the Channel and retest it for the first time and forming a hammer candlestick , and also there is a demand zone or imbalance zone that break away from channel
