Retest/Long (Forward Testing)
Daily- Past week it has not break 160.000, Constantly using it as a support and bouncing from.
indication for a long to the Previous higher Low on the 4hr.
(Premature Entry)
4hr- 4major Candles formed and retest but not break 160.000 giving another indication for a stronger push to the upside.
In terms for Channels/Trend go, it is creating one at 1hr (New higher High and Higher Low) looking like another indication to the upside but don't recommend interring until it hit or break Previous higher low on the 1hr 160.500-160.600.
This entry is on the aggressive side and don't recommend anyone to do what I do. Bearish momentum is still there so kept that in mind. This is a pure purpose of Forward testing.
NOTE* Fundamental was not added to this bias but remember also that there is no Major news until Thursday.
indication for a long to the Previous higher Low on the 4hr.
(Premature Entry)
4hr- 4major Candles formed and retest but not break 160.000 giving another indication for a stronger push to the upside.
In terms for Channels/Trend go, it is creating one at 1hr (New higher High and Higher Low) looking like another indication to the upside but don't recommend interring until it hit or break Previous higher low on the 1hr 160.500-160.600.
This entry is on the aggressive side and don't recommend anyone to do what I do. Bearish momentum is still there so kept that in mind. This is a pure purpose of Forward testing.
NOTE* Fundamental was not added to this bias but remember also that there is no Major news until Thursday.
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