tcbigcat

Trading Journal - EURAUD 2019-06-27

tcbigcat Updated   
FX:EURAUD   Euro / Australian Dollar
Strong downtrend on 1 hr chart.
15 min chart - has come off PF and trendline. FAST33 confirms sell.
1 min chart staying sub 1.6250, FAST33 looks good, in for the sell.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

10-pip SL, covering 1.6250. Got taken out by a spike.

Comment:
Got in the trade too early. Should have waited for retest of 1.6250. Price is now coming off PF.
Comment:
1 hr chart - price has now come off PF, with a wicky candle.

15 min chart - now coming down through 1.6250.

Need to wait for break/retest of 1.6250 before selling.
Comment:
Could have sold off PF, but a bit close to 1.6250 - there could yet be support.
Comment:
Now clearly in uptrend. 1.6250 supporting, just breaking through PF. Will look to buy off PF.
Comment:
Need break/retest of down trendline to confirm.
Comment:
Big bull candle, pullback to allow buy with 10-pip SL covering PF and trendline.
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.