Weekly Analysis
Updated
9th August 2017 Wednesday
Make it a disciplined habit to analyse chart every end of month and every end of week.
Analysing for end of July
Candlestick chart – a continuation of bearish
Support 109.816/108.6
EMA 3 and 9 already crossed
Alr in lower Bollinger band
Still in a triangle consolidation mode
CCI is declining
MACD in bearish mode
Weekly
Boxed trading pattern
Resistance = 113.87/114.4
Support = 109.6/108.5
SHORT – WAIT FOR ENTRY TIME
Look @ weekly…
If 10th and 11th Aug Job and CPI are good, it could go up
And then Tues/Wed it would decline and thus enter
Economic Calendar
10th Aug Thursday = US Job
11th Aug Friday = US CPI
17th Aug Thursday = US Job
25th Aug Tuesday = JAP CPI
30th Aug SATURDAY = US ADP
Make it a disciplined habit to analyse chart every end of month and every end of week.
Analysing for end of July
Candlestick chart – a continuation of bearish
Support 109.816/108.6
EMA 3 and 9 already crossed
Alr in lower Bollinger band
Still in a triangle consolidation mode
CCI is declining
MACD in bearish mode
Weekly
Boxed trading pattern
Resistance = 113.87/114.4
Support = 109.6/108.5
SHORT – WAIT FOR ENTRY TIME
Look @ weekly…
If 10th and 11th Aug Job and CPI are good, it could go up
And then Tues/Wed it would decline and thus enter
Economic Calendar
10th Aug Thursday = US Job
11th Aug Friday = US CPI
17th Aug Thursday = US Job
25th Aug Tuesday = JAP CPI
30th Aug SATURDAY = US ADP
Note
successdidn't have the chance to moc trade in trading view
Entered Melbourne time Thursday 17th Aug 2017 5pm
Entry level 110.07
Exit Melbourne time Friday 18th Aug 2017 6pm
Exit level 109.00
Pip profit 109 pips
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