This journal is about my practice of a trading strategy that incorporates economic events, Fibonacci pivot levels, and price actions. My posts will inclue the trading logics, live trading charts and track records to make sure that the practice is as authentic as it seems.
Trade: Short AUDUSD
Economic events: Anticipated slightly better 2021Q2 CPI (QoQ) but with stronger rhetoric of the Fed starting to taper its monetary support. Also the Chinese market's crackdown may dim the AUD.
Price actions: Price reached Fibonacci R38 where a double-top pattern showed and a downward trendline persisted.
-- Update --
Stopped out at my trailing stop with no profits.
Economic events: Anticipated slightly better 2021Q2 CPI (QoQ) but with stronger rhetoric of the Fed starting to taper its monetary support. Also the Chinese market's crackdown may dim the AUD.
Price actions: Price reached Fibonacci R38 where a double-top pattern showed and a downward trendline persisted.
-- Update --
Stopped out at my trailing stop with no profits.
