Just posting to keep a record of my trades...
Trade Idea:
There is a bearish divergence in RSI, and Price has retraced 90% of the leg up and was rejected STRONGLY at resistance twice so I'm guessing we may finally be getting that retracement for this strong move up soon. I am expecting a retest of the resistance before more movement down.
I am new to forex and just using this to keep a log of my trade ideas. NOT trading advice.
Trade Idea:
Price broke structure and has retraced 90% of the leg up, which may indicate trend weakness/failure. I expect price to retest the resistance at 125.500/600 and continue down but since there is a bullish divergence on the 4hr RSI, I can see price trying to go...
This is just for me to keep a log of my Trade ideas...
Trade Idea:
We have all been waiting for some sort of retracement on this massive Dollar drop . But as long as the Fed is using Quantitative Easing to help stimulate the economy...there shouldn't be much of a major retracement at all. The more money they print the less value the dollar is worth. Now, There...
This is another trade idea that is a bit of a stretch because nobody can predict the future...
Trade Idea:
Price was rejected at resistance (upper red box) and has now started working its way to support. This is the part that gets tricky. It will retest resistance (roughly 116.550) and either get rejected and continue down or it will break through it and test...
This one is definitley a stretch. Price has been rejected yet again at the resistance level. With the bearish RSI divergence and the strong rejection, I'm looking for a the downtrend to continue.
