We drove up to retest some prices. Oill still is bearish to me in all levels.
I kept this one silent from the public for a bit. 3 things happened after my gold short. 1. Lost that gold trade. 2. Closed out BTC to make up the losses. 3. EURCAD actually made me lose on some slippage. 4. emotionally chased GBPJPY for a loss. 5. emotionally chased USDJPY for a loss. no one is perfect. even myself.
Looks like gold wicked fished some peeps and faked them out.
when price approaches these levsls, i will be looking to sell
a breakout to this harami would be a great sell idea. when price approaches these levels, we will then pay attention to candlestick patterns.
i do not think this is going to stop until it reaches .20 A pop up into these areas would be absolutely optimal for this trade.
Entered on the retest of the zone. My management rules : >When placing a trade, always make it its a 1:5 trade >When profit for trade reaches as much as risked, move stop to breakeven.
I realized that when you have a great set up that works, you have to trust and believe that set up. not looking at the chart for countless hours trying to get the "perfect" executed entry. i also noticed that with trading, you need to live a life as well. allow your ideas to play out. give 10x more patience. 10x more focus. 10x more trust. 10x more everything....
We are currently seeing an agressive pullback. We can see price get to these zones. when price gets to these zones we will pay attention to candlestick formations. NOT TO MENTION WE HAD A WEEKLY ENGULFING CANDLESTICK.
Price needs to break market structure and retest this zone so we can enter on some buys.
need price to make a noticeable break, then come back to this zone to buy.
came down to the support i like. aligns perfectly with 78.6%
If price goes down to these areas, we will start identifying candlesticks and make some moves.
I believe we just broke market structure, we are now waiting for drop to absolutely destroy some traders first before heading back to the .30s