GER40 with SLK strategy

Stoploss blown.

I have been bearish on this pair since last week cos of what my technical analysis is showing me. The image posted here is picture of the daily timeframe. The previous high of a daily candle was swept and the low is still standing. Based on my strategy, the ideal thing to do is to sell till that low is taken out but price has been invalidating my sells and currently it’s buying. At this moment I’m currently watching it and will likely just take some buy scalp trades.

What is happening currently on this pair is still validating the sells. My bias still remains bearish. I will position myself for sell entries.

It’s obvious we are still bearish on this pair. I will keep looking for sell entries.

This pair is still bearish. The low of the daily candle that was swept is still standing. It means we will keep selling to take out that low. Another important information is that we have a daily breakout to the downside that validates our sell continuation.

This is the right image pls

The sells continues until we take out that daily low as shown on the image attached.

We had this recent breakout to the downside on the 4hr timeframe, i will be looking out for price reaction at that zone.

I just took a short on this pair. Let’s see how it goes

I will be securing my profits here. It’s been a nice trading week.

The daily low has officially been swept. We are now done selling . We will continue from here next week by God’s grace.

Did you learn anything?

BIAS FOR THE WEEK

THERE IS A BREAK OF STRUCTURE TO THE DOWNSIDE ON THE WEEKLY TIMEFRAME. This means i will be selling this week most of the time except market proves otherwise.

I just executed a sell trade on this pair on the 1hr timeframe in alignment with the major bearish trend.

Wow, what kind of candle is this? Stoploss blown massively here.

This https://www.bbc.com/news/live/ce35wke27ynt

I can’t click this link pls

At the moment, on 4hrs timeframe there is a breakout to the upside to signal buys. I’m currently bullish on this pair. I will be on the lookout for buying opportunities today. Stay with me😂

I just took a long trade for this pair here.

I executed a long trade here cos of the breakout on 4hr and the Asian session served as my liquidity. Immediately the Asian session was swept and I noticed rejection at that zone, I took my entry.

Price approaching my take profit zone. These are the price action I love, no time wasting.