Disliked{quote} maybe they are maybe not. when we breached 3242 months back. 3739 became a target... when the usdx stopped just above 2007 (pre crash) b/o point. i choose to go usd bullish. all that stood in the was was eu 2743. 2743 held so i am wrong so far. all this was posted and this reason back at 3415 area. at the time 3420 was a underachieved st target.. i was short 340x, but didn't get the full Monty. we had a non symmetrical target for 3362 or 3418... the 3418 one has a 3099 retrace many times. as mentioned last time 3420 was untouched. sometimes...Ignored
Hi gator.. can I ask why 3739 is a target after 3242 breach? I drew a horizontal line and looked back on the daily(not NY closing Oanda) for 1-2 years i dont see 3739 being a turning point to be a S/R level.
Also, recently I had confirmation of how mofu has plotted (credits to ofwolfandman), how to do know which movement is more important than the other? In a long up swing, there a multiple smaller ups and downs too... You mentioned that the smaller ones get invalidated often, so do we build from small chart up or do we build it down. I remember you saying small charts build bigger charts but it's easier to spot bigger movements once we zoom out. Once zoomed in, it gets kinda confusing to read as well..
it is highly likely that i'm wrong... so dont follow me!