Short on Eur/usd
Analysis:-
Price is making its retracement to its daily 38% after a parabolic move for a week. trend for-cast is down
making its first pullback to its 20-ema for short trades till daily 38%
Risk/Reward- 6:1
Checklist :-
Add Confluence:-
LTF-Entry
Price is making its retracement to its daily 38% after a parabolic move for a week. trend for-cast is down
making its first pullback to its 20-ema for short trades till daily 38%
Risk/Reward- 6:1
- Fundamental View : short
- Analyst view : short
- Major news :Draghi speech (expectation positive for euro)
Checklist :-
- Fib Convergence-AD-38 ,CD-61 ,External ab ext- ,cd ext-, swing point-78,
- Daily-S/R
- Previous-S/R
- Round number-1.12800
- Harmonic Pattern-triangle
- Trend line- 3rd touch
- 20-ema
Add Confluence:-
- Pivot-
- ADR level-
LTF-Entry
- Session - london open
- Rsi low break(145) - break above
- Macd(div) - yes
Order cancelled
no trade due to high momentum + US bank holiday
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