Got the context of the market right, next will be holding of the trades correctly.
USDCNH h1 rd 1
Got this right, only that did not hold trade to the end.
Initial fractals play
Understanding of fractals is improving. This is something that I want to work on and hope to explore it to form proprietary trading style.
Prempt of bear flag was spot on.
Powerful D1 line chart perspective
I find that this is a POWERFUL chart.
The combination of candlestick/linechart produced a combination of shooting star which showed rejection from an identified confluence R. It prompted me to short right even before CNY news.
rd2 TP of USDCNH
overall spot on for USDCNH.
There is definitely more room for USDCNH in the coming week.
excellent trade call, excellent timing and pretty good projection of TP.
I am very satisfied with the entry as it had affirmed that I have demonstrated appropriate application of patterns in the fractal context. Ultimately profit comes from being part of the expansion. This will be the aim of my game in 2015.
In week3 will be looking for trend continuation.