Disliked{quote} Very well read Ata-Turkoglu, would you now wait for a pullback in to the Dragon, many thanksIgnored
Now you are asking when we can detect pullbacks. My answer to that is "I am working on that too"
But clues I am looking for are as follows:
-Is price nearing or touching a strong to medium (weekly-daily) support or resistance zone?
-Once we entered a trade we also start to see green and blue candles when long or red and purple candles when short, are we still seeing them or are there more and more gray candles appearing?
-Do we see any divergences on macd, cci, rsi etc when we look at smaller timeframes?
-Are we nearing an important fib level 50, 61.8?
-Are any news announcements upfront?
These are my concerns. It is sometimes easy to detect a reversal but sometimes not.
In today's case 1.1218 is a strong resistance level for EURUSD so I closed my trade. (you can follow my trade explorer) and I am flat for now but will re-enter once I see any significant pattern.
Best Regards
Be a seer, not a looker!
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