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DislikedHi hussin!
Thanks for posting your great candlestick analysis for everyone to learn from. I'm certainly learning a lot from you!Keep it up.
Just a question: do you trade on news days like Non-farm Payrolls or FOMC Interest Rate Statements, etc?Ignored
Dislikedin the daily candle chart NZDUSD ,we see a long blue bozu (FED MOVES )for prevoius day .now ,we see a bullish engulfing pattern . but again we must see false bullish engulfing pattern date 2008.03.03
NZDUSD =above 5sam
NZDUSD =above 10sma
CANDLESTICK PATTERN =bullish engulfing pattern
MY POINT OF VIEW = fall below 0.7880
CME OPEN HIGH LOW LAST CHANGE
MAR2008 0.7970 0.7970 0.7910 0.8005 +0.0121
JUN2088 0.7855 0.7855 0.7855 0.7883 +0.0120
SEP2008 0.7759 0.7759 0.7759 0.7759 +0.0118
Ignored
DislikedHELLO HUSSAIN,
firts let me congratulate for the nice thread here
i am myself a price action trader
i agree with your view and we would see a good fall only when the confirmatory candle on 1 hour stays bearsih below 0.8003 where the price is rejected 4 times till now on 1 hour charts..
just my 2 cents ..let me know if i am wrong..
here is chart i have attached hereIgnored