Analysis done directly on the chart
Follow for more, possible live trade updates!
No structure, harder to get good trades. Sometimes
all you need to do is wait for more clarity, more
structure and let the price and candles indicate
the move.
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
Follow for more, possible live trade updates!
No structure, harder to get good trades. Sometimes
all you need to do is wait for more clarity, more
structure and let the price and candles indicate
the move.
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
Trade active
Risk 0.5%Entry reason:
1) daily closure above daily resistance
2) great pullback + tap of 1hS-4hS
3) no break of 1m low for entry
tp possibly next 4hR 1.33465
might secure some if price in the middle
range resistances
Trade closed: stop reached
Lacking bullish momentum to continue, small loss on this. Move on to the next trade, possible reentryonce more bullish structure has formed
Note
Post trade analysis: 1) First of all, we had great confluences for entry
price tapped 1h4h support, great pullback and daily closure above
2) US CPI softens + GBP GDP positive
These are all good signs for GU to continue bullish fundamentally, right?
Yes, it's true but something is missed on Friday.
So the question is why price still pushed down?
I think I missed a really crucial fundamental factor:
US-CHINA trade war de-escalation + 90 days pause!!!
This has strengthened USD dollar all the way to our
daily support 1.32520. This is my take on why we lost
the trade despite good confluences we had on Friday!
Peace.
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.
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.