Now this happens when you leave the market alone:
EDIT: Wrong picture attached...
New picture:
In the post #200
I have introduced what it means when a top or a buttom does not gets retested... It gets retested.
We had a shorter term bearish movement, and now we had a even shorter term bullish movement, which has retsted the only un-touched top we had in the past. It has rejected the price and since that we are falling.
Support for EURUSD is at 1.2860
And the best is now we have a big stick for that bar, so what I think of, we will have a correction back to the 1.295 area sooner or later, and if that rejects it, we will fall again. I would say the lowerst wher the EURUSD can go now is 1.2770. There it will have a great support, if that fails, we will be like a rock.
We will see whats gonna happen. I always miss good things
By the way, the Buy I have entered as a hedge on my shorts, supposed to have the TP at the orange horizontal level... so If I would left it, it could have been from there another 24 pips, but its always easy to be good afterwards...
About GBPUSD - Better to close shorts
EDIT: Wrong picture attached...
New picture:
In the post #200
I have introduced what it means when a top or a buttom does not gets retested... It gets retested.
We had a shorter term bearish movement, and now we had a even shorter term bullish movement, which has retsted the only un-touched top we had in the past. It has rejected the price and since that we are falling.
Support for EURUSD is at 1.2860
And the best is now we have a big stick for that bar, so what I think of, we will have a correction back to the 1.295 area sooner or later, and if that rejects it, we will fall again. I would say the lowerst wher the EURUSD can go now is 1.2770. There it will have a great support, if that fails, we will be like a rock.
We will see whats gonna happen. I always miss good things
By the way, the Buy I have entered as a hedge on my shorts, supposed to have the TP at the orange horizontal level... so If I would left it, it could have been from there another 24 pips, but its always easy to be good afterwards...
About GBPUSD - Better to close shorts