Good Morning Traders,
Price seems to be inching lower overall. Be careful and confirm your entries.
Take care,
FX4Newbies
Price seems to be inching lower overall. Be careful and confirm your entries.
Take care,
FX4Newbies
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DislikedHere is another look at that chart set-up. Price had been falling for some time but began making a stair-step higher...but not yet high enough to take out some key resistance around 1.2929. Started a stair-step lower then found support.
Important US news due this morning. It could give the needed push upward. Take your time and be watchful. Patience is key to wait for your setup and entry.
Good trading to you,
FX4Newbies
P.S. Busy morning...will have to watch the aftermath .Ignored
DislikedWhy do we use the "Forks"? Because they work. Look at this EUR - daily chart - C pivot is on 12 - 03 - 2009 - look at the frequency - See where the Price moved back to on 8-6-2010 - then moved lower.
One must marvel at the Geometry!!!
I trade off of the H1 and use 89 tick Charts for entries. But I do start each day looking at 6 Currencies Day Charts to get a sense of where we are going.
Happy Hunting!Ignored
DislikedP.S. By interesting I am referring to your pivot selection for P1. Always good to see another view point.Ignored