Inverted head and shoulder pattern in 5 minute chart?
Neck line 2308
2308-2298 level seems to keep an eye on
Neck line 2308
2308-2298 level seems to keep an eye on
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DislikedUS trading session will only bring weaknes in USD, i'll keep my longs but i'll close tonight. no open trades for the weekend as we have italian elections SundayIgnored
Disliked{quote} No big deal.. what happened in the last 50 years with Italian elections will probably not differ Sunday.. Same Italy since the creation of time.. Is the Pisa tower still about to fall or did they solve it once and for all? Just curious.. lol Stay GreenIgnored
DislikedUS trading session will only bring weaknes in USD, i'll keep my longs but i'll close tonight. no open trades for the weekend as we have italian elections SundayIgnored
DislikedLast week I mentioned the importance of checking the Max pain level on Thursday / Friday for Fridays expiry. If you did it yesterday there was a 160 pip trade on offer (so far) Max Pain is at 1.23000 on Futures. There was also a really big option level at 1.2200 that the Market Makers would defend. Yesterday price action is was is called a Long Accumulation. When you see price keep rejecting the lows and trading back into the previous price action this is a typical accumulation pattern. The MMs create this pattern to lure in traders to thinking...Ignored
DislikedMaybe opening one last buy around 1.2295 (hopefully) for a target towards 1.2330 could be a final buy for today.. Or a direct sell at 1.2330 if it gets there first.. any thoughts? Stay GreenIgnored
DislikedInverted head and shoulder pattern in 5 minute chart? Neck line 2308 2308-2298 level seems to keep an eye onIgnored
Disliked{quote}Want to be careful with 5 min patterns coming into a session open ,price just using todays R1 for a minor support at the moment ,,,,,,,,,real support is the projected price tgt level from pattern yesterday which reclaimed last weeks low and was used for support ,,,,,,,,,good volume pop due to opening of session can easily push it back to support where greedy big players would rather buy from as opposed to buying previous session highs ,,not saying they wont but why not push it down a bit and get a bunch of retailers thinking big short only...Ignored
DislikedOn the H4 chart the question is will the new candle open above 1.2307 or below.. we will see in 11 minutes.. Stay GreenIgnored
Disliked{quote} SMA 100 on H4 is acting like a strong resistance, at least for now. touched it and back down ATA, is that on H1, a MACD divergence?Ignored