BULLISH ON DXY so will be selling pairs against it example EurUsd sells USDXXX LONG XXXUSD SHORT
Short explanation for this trade already covered this previously.. I hope you all have a excellent trading week !
- Anticipating EUR strength and AUD weakness - Head and shoulder formation, anticipating retest of neckline before moving lower What is our confirmation? - Break of 2H trendline hack - Break of WFB trendline Entry - SAFE Entry: Rejection of structure Once entered, where will our Stoploss be? -Below price rejection and structure Where do we take profits? - TP: 1.588
Anticipating market to come down from here to break structure and trendline will be watching this closely for my entry on EURUSD🎢
Scenario A: Local double top before dropping. Continuous weakness from now. Scenario B: Fulfil the ABCDE ascending wedge with also completing a double top before dropping. We prepare ourselves like this so that whatever happens in the market, we're prepared and know the game plan.
Gold is making really clear moves. If we use our trendlines and structures, we can easily mark out where we'll be going next and where to look for shorts we will have a structure alert on and a trendline break alert on. Please remember that gold is really volatile and you HAVE to use proper risk management otherwise you can blow your account
FREE TRADE LONG TERM ENTRY CONFIRMATION - Broke ascending trendline = bearish What are we waiting for to happen? - Price to break the structure level where the 1H and Daily EMA lines up (152.6) What is our confirmation? - Price to break the 1H & Daily EMA & Structure at 152.6 Entry BREAK of 152.6 Stoploss above the structure - 153.5 Where do we take...