RBA will cut rates today the rsi is downing very hard and agresive maybe can be a show of a reversal strategy set just 50% of ur normal position and hold
we have a nice setup for a short on breakout, checkout the behavior of usdcad on ascendent channel and breakout, wait for a sure breakout and we can go short
Estructure and suply zone with reversal strategy we should get a nice trade set up on chart remember just set 1-1 or max 3 levereage on each trade
EURGBP SHORT DOUBLE TOP AND THINK GBP ABOVE ALL MUST MAKE A RETRACEMENT TO STRONG, U WILL WATCH ME SHORTING EURGBP NEXT FEW WEEKS LETS PUT ATENTION TO CANDLE FORMATIONS ON KEY ZONE´S WE CAN SET 2 TAKE PROFIT ON LINES ( IN TOUCH WITH VOLUME SPIKES )
M FORMATION AND DIVERGENCE ON RSI + SIGNAL
With UK and EU on big moves we can catch a good trade set on chart Risk : 0.40% Potential profit: 3.30%
Going to short again EURJPY, 0.20% risk set on chart
GOOD NEWS ON AUSSIE, YESTERDAY WE HAVE A GOOD ECONOMIC DATA FROM CHINA AND MAYBE CAN BE A GOOD TRADE RISK : 0.47% ( MY ENTRY WILL X2 ) 0.94% RISK PROFIT : 1.42% ( 2.84% PROFIT )
WAIT FOR TRIANGLE BREAKOUT 1.05% RISK 3.16% REWARD
REMEMBER TO USE STRONG RISK CONTROL RISK : 0.46% OR X2 PROFIT 1: 1.39% ( X2) PROFIT 2: 2.25% ( X2)
risk = 0.27% or x2 profit = 0.80% or x2
Going to risk 1.23% on this trade, the reward is good for me, 4-1. Lets put attention tomorrow on news and price action, if i do a changue will post here.
We have a lot of volumen, Powell talk, and china trade certains technical indicators and the mutual benefic from a trade deal show we can get a nice long (position added )
I think the bull rally just was a bull trap, but the global warning, and weak earnings will conitinue pushing bearish i going to take a short position with the setup on chart
wait for a bullish trend confirmation and go long
divergence and suply and demand zone on chart Global warnings and venezuela push oil lower
set on chart, divergence and macd signal, good bearish signal
This is a nice pattert for short SL above last HOD ( high of the day ) and tp is at least 2.5-1