We did well on the trade. Now rinse and repeat.
DAILY
Broke down below 191.24 and closed there. We are currently forming a reversal candlestick, the next candlestick will give us direction.
4H
We are trying to reverse from the drop that happened. Bouncing off 190.80, and we still pushing up. We still in the middle of a bear channel reversal, so we are waiting for it to touch either 190.00 or 192.00 before we follow through on any trades.
1H
Waiting for the rejection at 191.24 or the break through of it so we get more direction of what we are doing.
15Min
We in a downtrend, so there is no intention to look for longs.
NB!!!!!!!!!
NFP FRIDAYS WE ONLY TRADE AFTER NFP TO AVOID DOING THE WRONG THINGS.
DAILY
Broke down below 191.24 and closed there. We are currently forming a reversal candlestick, the next candlestick will give us direction.
4H
We are trying to reverse from the drop that happened. Bouncing off 190.80, and we still pushing up. We still in the middle of a bear channel reversal, so we are waiting for it to touch either 190.00 or 192.00 before we follow through on any trades.
1H
Waiting for the rejection at 191.24 or the break through of it so we get more direction of what we are doing.
15Min
We in a downtrend, so there is no intention to look for longs.
NB!!!!!!!!!
NFP FRIDAYS WE ONLY TRADE AFTER NFP TO AVOID DOING THE WRONG THINGS.
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Mhangwane1
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