Hello Simple, is your vacation still going strong or are you already back to work?
Thanx for the comments. I am trying to have a plan. Today was a good learning day. I saw that there was a lot of resistance at 1.3180:
-23.6 fibonacci level
-a down trend line
-daily support line 1
My thought was that the 1.3180 line would be broken. We were / are under the daily pivot so I thought / think that we will go up. And we have a lot of support from:
-The market is below the trend line on the 4 hour and 1 hour chart
-The market has support line 50 EMA on the H4
-The market has support line 200 SMA on the H1
But maybe we are just waiting for a retest…
Thanx for the comments. I am trying to have a plan. Today was a good learning day. I saw that there was a lot of resistance at 1.3180:
-23.6 fibonacci level
-a down trend line
-daily support line 1
My thought was that the 1.3180 line would be broken. We were / are under the daily pivot so I thought / think that we will go up. And we have a lot of support from:
-The market is below the trend line on the 4 hour and 1 hour chart
-The market has support line 50 EMA on the H4
-The market has support line 200 SMA on the H1
But maybe we are just waiting for a retest…