LOSSES COMMENTS: - No volume for GBP this week. Okay win +3%, -1%, +4% RR - -1%,+4% speculative trade only been taken if this week on win, bounced 61.8,78.6 fibo off the high low of the week
TAKING POSITION RULES:- 1) Tuesday, open only 1 position of all pairs, as weekly structure unconfirm. 2) Wednesday, open 2 positions on Tuesday's losses (if we still expect the same weekly structure). This offers us tighter SL, with greater RR. 3) Thursday, if Wednesday still loss, open another 2 positions on Wed's losses (if we still expect the same weekly structure). Thus, max loss @0.25% x5 = -1.25%, if -6%, still need 5 straight week loss.
FUNDAMENTALS: a) DXY: FED rate pause, sentiment continue, 2024 FED expected to cut, bearish USD b) XAU: XAU strong fundamentally, Lobo Tiggre said 2024 bullish gold in all cases c) GBP: No analysis, look like no volume
USD SELL, GBP - , GBPUSD BULLISH TECHNICALS: - Last W1 chart bullish doji, this week still expect bullish at least to 1.29-1.30 - Weekly typical structure, D1 chart Monday/Tuesday bearish to 1.265 – 1.260 before peak & turn - Weekly typical structure, D1 chart Tues/Wed expect to bull to target - Weekly typical structure, D1 chart Thurs/Fri expect to bull to target *check DXY chart to confirm the thesis, 15M chart- Execute, Breakout/Pullback
ADDITIONAL BIAS: a) Round psychology number 50/00 b) WeeklyTypicalStructure: -anatomy of candle, price always push to other side first before making real move -midweek reversalrejection/continuation > BuyBuy*SellSell / SellSell*BuyBuy c) Daily Candlestick Pattern: doji, engulfing, insidebar/railroad d) TakeProfit TP / StopLoss SL Depends on: -fundamentally / what are the news saying -liqiudity pool at Daily/Weekly/Monthly where -averageDailyRange ADR -catch explosive move only if direction align with weekly high low bias. Eg. Previous day was bullish doji at daily support & it is mid of the week, do catch today explosive move to next weekly liquidity pool. e) Entry timing recommendation -session LONDON 4-6PM, NY 9-12PM GMT+8 f) Entry with discount price, use fib
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