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 higher to retest the previous highs. I'll be looking to short at 125.600 but if price breaks resistance and goes higher, I'll look for a short at 126.100
This picture is of the previous uptrend that EJ had...
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 higher to retest the previous highs. I'll be looking to short at 125.600 but if price breaks resistance and goes higher, I'll look for a short at 126.100
This picture is of the previous uptrend that EJ had...
Note
EJ didn't go up all the way to 125.500 level but i was able to get in at 125.220Note
Got stopped out at break even on the first short attempt, and MISSED OUT on the second short!!! It missed my order by 5 pips 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.