according to what I (!!) see on your screen shot, price was several times rejected @ lower (dotted) TL and would go up again looking at previous reactions? Why do you see a break down? Is it the amount of touches? Trying to understand.
Thanks.
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Disliked{quote} Hi Ata, according to what I (!!) see on your screen shot, price was several times rejected @ lower (dotted) TL and would go up again looking at previous reactions? Why do you see a break down? Is it the amount of touches? Trying to understand. Thanks.Ignored
Disliked" Is it the amount of touches? Trying to understand." technical reasons as explained by Ata. In addition to this, I think it's a little bit in the "feel for it". It's NFP friday. Means we somehow feel the market will be asleep until NFP and we somehow "feel" the numbers will be better than expected, causing a (short) spike down on the EU, which then (later!) could give a good trading opportunity for a mean reversal trade. (in my wet dreams at least)Ignored
Disliked{quote} Yep.. also possible.. and in that case I will get a better price once/if I decide to buy.. thanks for the input Teek.. wise as always.. lol Stay GreenIgnored
DislikedBuy until NFP. Stop: 1.1680 TP: 1.1740 It could be bull or bear, but NFP usually creates spikes and now the price will test or create resistances to be able to clear the res and support levels(stops of course)during the NFP. Btw, it forms an ascending triangle which usually supports bears. On H1 view the Fib 61.8 is 1.1748 which can be a good target, otherwise I will close it before NFP {image}Ignored
Disliked{quote} Thanks I don't think it's "wisdom". It's more a certain kind of insanity. "Everyone deep in their hearts is waiting for the end of the world to come." ~ Haruki Murakami "Dow will hit 20k and break it" ~ Teek 2011 "Massive Shake on Dow 28k, 30k, 35k.... Boom" ~ Teek 2017 "buy water" ~ Teek 2020 see the problem with me?Ignored
Dislikedguys what you expected for NFP ? i mean it will come to positive or negative ?Ignored
Disliked{quote} Not one person here. Not a single one can give you a guess backed by anything factual. No one knows.Ignored
Disliked{quote} but any guess according to current and previous forecastIgnored
Disliked{quote} Not one person here. Not a single one can give you a guess backed by anything factual. No one knows.Ignored
Disliked{quote} Unfortunately none of us have that inside information, or maybe fortunately or else we would end up like these guys.... {image}Ignored
Disliked{quote} Worst NFP n a decade but Dollar got stronger on Eur/usd who can explain?Ignored
Disliked{quote} I think us citizens knowing the number will be mostly affected by the hurricanes might had them mentally prepared for these bad numbers.. therefore the impact didn't do much.. in contrary this can even strengthen us dollar in coming months.. my personal thinking.. just opinion.. Stay GreenIgnored
Disliked{quote} Worst NFP n a decade but Dollar got stronger on Eur/usd who can explain?Ignored