There is an important supply. I think e/u would go sideways again before the price decide to breakout. However, I am going long with a 0.01 lot to test a momentum - stop at 10 pips.
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DislikedI would bid for Euro Strength in coming days. lets see how the cards play.Ignored
Dislikedpreflight analysis We moved only 25 pips for far. A small move in beginning of day increase the chances for a big one later on. We are around yesterday's lows... volume is low right now. If it goes up today it could go big because we're at important level on the daily with resistance on 1.2270 Daily is about to FBO (bullish), h4 BO to upside, M15 is inside bar, and M5 BO to upside. So trend is up. Prorata volume is normal. No rejection/bounce from top so far. Ivo {image}Ignored
Disliked{quote} Hello, first of all, I like your analysis, I know we are on very strong support right now, but "trend is up" ? Are serious? I do not say that spike or even trend change to bull is not possible, but trend is definitely down few last days. Just put down your uptrend glasses. cheers. edit : we are attacking 1.22 , if it go there, we will be lower than 28days back, so only fool can be in long position .Ignored
Disliked{quote} until this bar it was yes... all depends on the timeframe.. Ivo {image}Ignored
DislikedI dont think , that we are on strong support next S could be cca 1.2177 /lower green line/ {image}Ignored
Disliked{quote} acctualy, you can see some climax churn candles /extreme high volume on low range/ on M5, bellow open price which mostly indicates up-move /not necessary uptrend/ , but now I think, test of 1.22 is what going to happenIgnored
Disliked{quote} yes... but after 9 candles going one way I've never seen price NOT trying to make a point 3.... So.. yes... true.. but just for a point 2 (I believe). Ivo {image}Ignored
Disliked{quote} 1.22287 is very strong monthly support. As Dingoman pointed out yesterday.Ignored
Disliked{quote} acctualy, you can see some climax churn candles /extreme high volume on low range/ on M5, bellow open price which mostly indicates up-move /not necessary uptrend/ , but now I think, test of 1.22 is what going to happenIgnored
Disliked{quote} we are now 1.22, almost 30pips lower than 1.22287... was not so strong.. or u mean STRONG SUPORT 1.22287 ±50PIPSIgnored