Is EUR/NZD going to have enough legs to make it up to the C-boxes?
Hope so.
Hope so.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedHmm, are we looking at the making of a Jarroo Special here?
A close above the 50 or even 61.8 would be nice.Ignored
DislikedThis buob might be good continuation signal but i would like to see price test the breakout area at 114/113.50 first. We look for the most confluence areas and this area hold much importance.Ignored
DislikedYes, the 50 pullback would have been nice.
However, I can see the reverse side of this, as, a pullback that deep would put us below the close of this monthly bar support area, which we are currently above.Ignored
DislikedIn this context i wouldnt put much emphasize on that close plus we have over 20 days to monthly candle close. It looks like unnecessary complication to me.Ignored
Dislikedafter checking all russell 3000 charts on the weekly over the weekend, these were the stocks with setups for this week (all charts were already posted):
amgn: pb & tt
acat: buob
cnu: pb
elnk: tt
exel: pb
oww: pb
bax: breakout
hthIgnored
DislikedHello
What about this pinbar in NZD/USD. Sorry if this has been discussed before. It is on demo account.Ignored
Dislikedhere i go ,the 150 ema, should i close my position ? however cheers .Ignored
DislikedHey Ammar,
First off that is technically not a pin bar. For it to be a pin bar it must, as a rule close within the prior bar. which it did not.
Furthermore, Take a look at the strength of the down move. Since we don't like to catch falling knives without protective gloves this is a no no because it is like catching a falling knife bare hands. We want a super good pin bar that shows us that its got the guts in it to reverse the down trend i.e give the already dominant bears a tough time.
What's a good pin bar here then? How about one that closed...Ignored