Looking at long for this week, based off the weekly TF the market trending up. Moving down to the lower TF waiting for to the pullback to the weekly trend line then placing a long position.
Looking at shorts for eur/usd this week because the DXY is very bullish, but we also have to be mindful of pullbacks to the upside before it continue down.
So basically this week we are looking bullish on both oil DXY, so any pair thats paired up with the Dollar keep in mind that the Dollar is going to play against that pair.
took a short on oil this base off price rejecting my daily high. I also got out of my early because i did not want to go pass my trading window which is 5am to 10am.
so basically today on my 4h timeframe price reject a specific area twice so i used that as my confirmation point to place my entry. did a 1:3 but actually hit my TP at 1:4.
Long position on oil, so basically oil has been respecting alot of key areas for the past couple weeks, yes oil is bullish but i realized thats mostly in the New York session.
