Analysis done directly on the chart
Ahead of GBP claimant count change and
US CPI I'll be cautious and lower my risks or
preserve the capital for more clarity after
the news events.
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
Ahead of GBP claimant count change and
US CPI I'll be cautious and lower my risks or
preserve the capital for more clarity after
the news events.
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
Trade active
Short sell:
Entry 1.32444
Reason catching strong bearish momentum after
flash news:
Breaking: China to lower tariffs on US goods to 10%
from 125% for 90 days (Source: financial juice)
sl 60 pips above 1h structure
tp possibly next DS 1.31020
but we have lots of 1h-4h supports along the way
as you can see on the chart
managing the trade if it starts to reject from support
and possibly reentry but at the moment looking good
Note
Update2: currently in BE position we tapped 4hS and broke through easily I don't believe price will come back soonForgot to mention 1% risk on this trade.
Trade closed manually
Post trade analysis opened on Mon:-Mistake: setting too wide tp ahead of US CPI
-Lesson learned: 3 types of tp set
1) Strong fundamental back up, wide tp (relying to push through levels)
2) Medium fundamental back up, tp to next major resistances (1h+)
3) No fundamental back up, tight tp and no holding
Always doing post trade analysis is really good and super
useful. By understanding if it was a technical problem, emotional
problem, fundamentally not understanding problem etc.
I advise you to do the same for each trade!
This was indeed a medium range tp ahead of CPI when price started to reject
the 4hS. Clever move if I secured at least 50%-80% and let the rest run to full tp.
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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.