07/08 - 6E - Sell

8 de jul.

Daily/4H

- What is the trend?
• Bearish

1H
- Is price touching a key fib level (yellow)? (Gold is tricky so look for .382 and .786 levels too)
• No

- Does 1H supply/demand align with key fib level?
• Yes

- Is price above(bullish)/below(bearish) the 20 EMA, resisting the 20 EMA, or crossing the 20 EMA?
• Yes
○ Is Volume at or above average (MA) at this time?
• Yes

- Is RSI pointing in trend direction or above(bullish)/below(bearish) the 50 line?
• Yes

Plus:
- Is 1H supply/demand aligned with 4H OB/supply/demand area?
• Yes

15M
- Is/has price touched 1H zone or fib level?
• Yes

- Is there RSI convergence/divergence?
• Yes

- Is price above(bullish)/below(bearish) the 20 EMA, resisting the 20 EMA, or crossing the 20 EMA?
• Yes
○ Is Volume at or above average (MA) at this time?
• Yes

8 de jul.

Nota

I chose over all direction as bearish instead of bullish as it looks to be that we are getting into the retracement leg of the bullish move. Recent 1H low was broken, which is better seen on the 15M.

The retrace is also happening at a HTF OB/LTF Supply which gives bearish signal.

Got in at market execution but could look for another sell entry between 1.086-1.087 since it aligns with a 15M supply as well.