About meTrading the markets my way.
I use multiple confirmations and requirements before entering a trade. I'm picky, Good entry's & high average win ratio is what i aim for.
I usually trade the 4HR tf and hold trades 2-48 hours. (not sharing my secret sauce)
Quick, Simple, Analysis based on price behavior I've seen over and over and over.
DXY Directional bias is bearish but we could expect a bullish Legg upwards, however I've learned Trends usually tend to keep trending in their direction until major support. So I would say chances are bigger UJ will dump since we went up a lot and DXY bias is still bearish for now....
-ATR Shows market panic sells chain reaction causing 3x more volatility
-200MA Still bullish
-Showing nice wick rejection, which indicates strong buy power from here.
-Overbought cloud breakout, which indicates a reversal
-Parabolic SAR still bearish but due to what i mentioned above, it will turn Bullish again.
What caused this huge spike?
Reasons why to short USD/CHF:
Parabolic SAR Indicates a Parabolic bearish reversal in price
Cloud breakout at the major resistance zone indicates sell pressure and more proof we are going to reverse because the previous cloud breakout at the major zone also indicated a sell off.
We broke the trendline and good selling support has shown
ATR indicates a rise in...