I've been dabbling in trading on and off for the past few years. Just starting to get serious about long term trading again.
As a starting point, I will now be uploading trading analysis of the 5 majors each week based on my thoughts and market analysis to help keep me accountable.
Based on that, I've written out my rough trading strategy that is built fully on...
Identify
Price moving in a solid uptrend for the last year or so
Price recently rallied off 618 retracment creating a pull back.
Predict
Would expect to see a pull back into the 618 retracement with a double bottom type move with a move higher
If price violates this area, look for a pull back into previous structure & 618 level for a stronger move to the...
Similar to AUDUSD
Identify
Market is in strong bullish trend
Weekly, Bullish
Daily - Bullish
20MA above 50MA showing bull signals
Predict
Would expect to see a continuation to the downside into zone of support drawn
Decide
If price reaches area of support, then look of reversal candle signals
If price reaches area of support and breaks through to violate, then...
