i expect today another push to the high befor the bearisch momentum of the euro steps in.
yesterday i saw a massive push to the high on the 4h chart. i expected indeed a rise befor i would go short but not like this. when i saw the move i started building my position selling from 0.84440 als the way up to 0.84512 i was not behind my computer so it was without stoploss (its a sort of DCA strategie) i expect the eurgbp to rise again and tip the 200 ema...
i would like to see a red candle and no candle that breakes the previous boxed in candles
a nice divergent on the 4h chart including a rejection on the previous level and the ECB cut its interest rates. this makes me want to look for a short trade. on to the 1h to search for entry
as the market had a brief turn to the upside i wil search for a short as it works in 3 pushes and in the daily shart its on push nr 1.
Break of structure in the 4h trend. maybe 1 more push to the 200 ema and then go short.
Waithing for a rejection on the previous level to go long
Short trade didnt fill but it make a big spike to the low for a nice long reversal trade. so getting ready to go long with the rest of the world. But i am sure that the marketmakers wil try to stop us out :)
Searching for a sing of entry to go short on the 1h chart
i was waithing for the rejection on the previous level. now going long broke my rule of waithing for confirmation but sind i dont have all day to look at my trades i prefer to have a trade then to mis it.
seeing it went straight trough the last level i am quit sure its not the level of reversal yet. so i aspect some more downtrend and a possibel reversal on the 200 ema
Altough there is bullisch momentum my thoughts are that there is no real bullish momentum. divergents on the 4h chart my new puppy is the fundamentals and the interestrates give a long term bearisch momentum. also the candles are not realy bullisch there is a lot of doubt in the market.
divergent on the 1h timeframe RSI. so my thoughts are to waith a bit wit going short for more confirmation
I see rejection on the previous level so waithing for the right time to go short with200 ema TP altough i see an appertunity to go short i also could be at a reversal level from previous low wat he didnt break yet.
after 3days of rise and 3 levels of drop, searching for a directional bias. maybe it wel retest the LOW for last week or break trough to the 200 ema?
In line with my current strategie i am waithing for a retest ont the previous level 1 to go long in line with the 4h bullisch trend. I am not a proffessional trader. Just working my way trough the rabbitwhole of trading 😊 I post my trades so everybody can comment on them and maybe i can learn and improve.
Waithing for a clear sign that the market wil continue up. double green candle or a clear rejection of the previous level.
My tradingstrategie is part marking the levels and this looks like level 3 behavior. as the market broke out yesterday to the low is went short, (stil finetuning my strategie as you can see hahaha) today i wil go long sinds this looks like a reversal level.