11/5/2018 session3:
Euro Pre-trading checklist:
1) News, depressing (good US data, US-CN rift, May's office - Brexit deal report is speculation, Italy Di Maio budget comments)
2) Economic data, neutral (0430EST UK PMI, 1000EST US ISM PMI)
3) Scoreboard, neutral
4) RedBox and RedCloud, supporting
5) SMA(20, 30min) and SMA(50, 30min), N/A
6) Fibonacci and ABCD, supporting (ABCD Gartley pattern)
7) .DXY highlight, depressing
8) Reuters view, depressing (Fibonacci 23.6% Long Trap)
Decision point(s): 4), 6)
Conclusion: Decumulation
Adaptive Strategy: Long at 10pips pullback
Euro Pre-trading checklist:
1) News, depressing (good US data, US-CN rift, May's office - Brexit deal report is speculation, Italy Di Maio budget comments)
2) Economic data, neutral (0430EST UK PMI, 1000EST US ISM PMI)
3) Scoreboard, neutral
4) RedBox and RedCloud, supporting
5) SMA(20, 30min) and SMA(50, 30min), N/A
6) Fibonacci and ABCD, supporting (ABCD Gartley pattern)
7) .DXY highlight, depressing
8) Reuters view, depressing (Fibonacci 23.6% Long Trap)
Decision point(s): 4), 6)
Conclusion: Decumulation
Adaptive Strategy: Long at 10pips pullback
1