clearly EURAUD is trending down nicely
mentally, I was rehearsing for its entry on thrusday, with a possible false break from Draghi’s ECB. Perhaps over planning, but eventually the WR did not come. I was ready to showhand for this.
On completion of A trade checklist , I was thus mentally psyched to pump in $ to load up on shorts.
scoring 16/20, it was a green light GO for me.
However the WR did not come and eventually I had to wait till 13TL to enter a much smaller pos size so as to minimize risk prior to NFP.
however this entry was aided by the observation that price seem to be stalling under a 1234 tx up bb. A sign that this tx 1234 up will not make it.
Hence it means 13TL down will be valid.
entry @ 2200
hindsight bias will be that 200 AM on h1 seems to be guarding the trend well. A prediction will be that price not expected to shoot thru 4800.
HENCE I MUST STAND STRONG TO ADD IF PRICE DO COME TO THIS AREA.
Price on the cusp of moving another 300-600 pips. HOLD FAST.