DONATE & Share Post Your Content On Smart Money Management

Search This Blog

Not trading advice.....

Not trading advice.....

I am new to forex and just using this to keep a log of my trade ideas. NOT trading advice.

Trade Idea:

Price broke structure and has retraced 90% of the leg up, which may indicate trend weakness/failure. I expect price to retest the resistance at 125.500/600 and continue down but since there is a bullish divergence on the 4hr RSI , I can see price trying to go higher to retest the previous highs. I'll be looking to short at 125.600 but if price breaks resistance and goes higher, I'll look for a short at 126.100

This picture is of the previous uptrend that EJ had...


from Trading Ideas
via gqrds

No comments:

Post a Comment