Im basically using this as my trading journal, i'm using it to see my devolopment in trading for the many years to come. Its trade or die everyday, forever, whenever, wherever. Just remember me now because I promise ill be one of the greatest to do it.
Daily: Price broke through the 1.879 daily support and has now come to retest it again treating it as resistance
4 hour: Price formed 2 shooting stars at 1.879, aswell as a bearish engulfing which engulfed 10 hours of price action. Price stayed below this 1.879 resistance for 16 hours failing to close above it.
1 hour: price created a STRONG bearish engulfing cs...
Forgot to post this trade oh well
RASONS FOR GOING SHORT
71.8 fib level
Bearish engulfing engulfing 16 hours of pa closing back below weekly resistance and emas
SHIDS JUST REMEMBER HOW IMPORTANT IT IS TO ADAPT ADAPT ADAPT
WEEKLY: Last weeks candlestick was a hammer candlestick at the 1.1755 level support if you know candlesticks then you know this indicates reversal
DAILY: Once price came to the daily support it formed a very strong marubozu which closed above the W/R and the EMAS
4 HR: After touching the daily level price formed a higher low. The EMAS are now crossed back...
IVE BEEN WAITING FOR THIS FOR SO LONG
Its late so my analysis will be brief as to why im short
DAILY: Price broke out of the ascending channel and retested it forming a bearish engulfing candlestick. Price also formed a lower high which is a break of structure after consolidating below that weekly resistance for so many days. Also i have extra reasons in terms...
Daily: Price touched the Weekly resistance of 1.895 and formed a lower high, Price formed a shooting star after the break and retest of the trendline
4 hour: The 61.8 fib level held with price forming a strong evening star at this level. Price broke out of this long term trendline and retested it in the form of an evening star with strong bearish engulfing...
WEEKLY: Shooting star retest of the 38.2 fib level which closed below the weekly level of 0.738
DAILY: Many Shooting stars at the 38 fib level followed by a bearish engulfing candlestick which engulfed 3.5 days of price action closing below the EMAS and the 0.738 W/S
I am still short on this pair. First we need a break of the ascending channel and then this...
WEEKLY: Price failed to close above 61.8 fib level which lines up with the 1.88 resistance from the 4 hour timeframe. Price had a bearish engulfing rejection of the 61.8 fib level and the EMAS engulfing 3 weeks of price action.
DAILY: Price formed many shooting stars, all rejecting 61.8 fib level and the 1.88 resistance. Price formed kind of a shooting star...
WEEKLY: Price failed to close above the 38.2 fib level for 5 consecutive weeks. Last weeks candlestick was a bearish engulfing candlestick which also retested the 1828 weekly resistance closing below the 38.2 fib level, This bearish engulfing candlestick engulfed 6 weeks worth of price action closing below the daily trendline and 1787 weekly support with very...
My last trade got stopped out and due to this i adapted and re evaluated the price action and have reasoning now to believe price is headed lower for this currency pair
First of all, we had a bearish engulfing close below the the daily level of 1.39 and the EMAS crossed over due to this aswell, both on the 4 hour timeframe. This bearish engulfing took out 16...
Monthly: July was a hammer candlestick which wicked the weekly supply of 1.367 but then closed above weekly res of 1.38
Weekly: Price formed a morning star after touching the 1.367 level. Price also had formed a strong hammer candlestick followed by a bullish engulfing which " engulfed" 5 weeks of prior price action.
Daily: EMAS crossed over after 1.5 Months and...
Monthly: The July candlestick closed as a hammer after touching the trendline
Weekly: Price formed a morning star after touching the trendline and weekly supply/institutional level of 1.175. Price pierced through the daily level but failed to close above it
Daily: Price took out previous swing highs and the EMAS are now crossed back over after 50 days.
Monthly: The month of July closed bearish
Weekly: Last weeks candlestick closed as a shooting star below the weekly resistance of 0.738
Daily: Price could not close above the 0.5 fib level. Price also formed an evening star and a bearish engulfing candlestick which engulfed 6 days of price action. The 0.738 level is holding firm as a strong barrier of...