EURAUD
short at a 4lh in down trend with bias and other confluences as discussed how I would not say I have anything perfected yet only looking in the right areas I am sure some things need some work and maybe more caution etc
If analysis is correct next candle should be as you anticipate however if wrong should you be liquid and change bias or take the wrong analysis on the chin and re analyze, possibly find a better entry if price gives it.
avenge not revenge
Cast iron pizza Trade
4 hour area tested and tested
expected deeper pull back based on area intro of Bulls 1-2pm
stoch oversold
strength and weakness
felt was good to go for an hour at least
with my bias
safe stop
maybe need to work more on management, most days I am thinking if I take my piece each day it will add up however maybe should leave some on the table
also as you say...
GU sell high at key area in the market strong bearish candle at reversal/deeper pullback area short term trade plus euraud trade
safe stop above previous 1 hour
any comment on this would be a great help,
when you expect a deeper pull back and then price continues how are you gauging that or how to you work with that
I knew was a very short term move based on htf structure,
reversal style at key area waited for evidence of possible reversal 1hour close bullish
5 min double bottom back to origin of push down closed manually at that point.
Was essentially expecting a deeper pull back based on the four hour area and then expecting price to continue based on the htf momentum and the 4 hour close 6-10
keeping the momentum going not getting sucked in by large momentum 1hr candles but instead noting where does candles are coming into on the higher timeframe,
possible entry on GU
working on management plus continuation where can price continue too on lower timeframe before running into difficulty on higher timeframe using strength and weakness with previous day and previous 1 hour to get from first target to main target
