bear flag + 200ma break/test (usually a trap) + data/news
4H bear flag taking shape right on the 200ma, expect maybe a few stop losses to be triggered (Up movement) as the price flirts with the 200ma but this should start a nice sell off to 104.x hence the average down position I am hoping for (i appreciate that is not for everyone, but i like to)
in my opinion the poor non farms payroll data from friday combined with trade war plus anything trump may tweet is surely dollar weakness, as it proved to be with eur/usd Friday afternoon, well afternoon for Europe but after hours for Tokyo, I expect they will be dumping dollars and buying yen and euro, before New York wakes up Monday morning
entry asap
stop 108.6
limit 104.x
ps this is my 1st post I've only been trading part time for 2 years and only just started following the markets multiple times a day
any criticism is welcome however brutal it may be
in my opinion the poor non farms payroll data from friday combined with trade war plus anything trump may tweet is surely dollar weakness, as it proved to be with eur/usd Friday afternoon, well afternoon for Europe but after hours for Tokyo, I expect they will be dumping dollars and buying yen and euro, before New York wakes up Monday morning
entry asap
stop 108.6
limit 104.x
ps this is my 1st post I've only been trading part time for 2 years and only just started following the markets multiple times a day
any criticism is welcome however brutal it may be