Because 1.15300 is a confluence of supports and trendline. Zoom out your longer timeframe chart and you will see mate Bears need a strong paw to break it.
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DislikedI bought at 1.1532. I'm not quite sure why this is going up with all the good US data, other than "it just is"... dollar should be getting stronger right? But I "under-leveraged" and I would put on a larger than half position at 1.1500 if we hit that... I really wanted to enter at 1.15 basically. =DIgnored
DislikedLong for short time. Stop 1,15270. Let's see what will happened after a four minutes.Ignored
DislikedShort from 5420 TP around 5200 or a little bit lower where buy limit is waiting. That is a 78.6 and 88.6 fib retracement and I've just learned from somebody that if candles close in that area, in this case, would be a buy and not a sell level. Hope I'll be right. {image}Ignored
Disliked{quote} Usernaaame...you are selling at 1.1570 based on fib or resistance?Ignored
Disliked{quote} Insane. Most of us were still looking for longs at that area just retire from manual trading already hahahaIgnored
Disliked{quote} According to my daily Bull-Bear cycle move on the Linear Regression R-squared The 4th bear cycle (in red) is not yet a full bearish cycle. So I think it will continue moves lower forming some bullish cypher pattern. {image} https://youtu.be/wVt1OR01QdYIgnored
Disliked{quote} Fib is exactly just that, a FIB Is ti very subjective and largely depends on where you place your line. you can make it fit whatever you imagine the fib levels need to be? UNLESS you use same levels everytime, like Open and close of previous day .. just my thoughts about FIBIgnored
Disliked{quote} Insane. Most of us were still looking for longs at that area just retire from manual trading already hahahaIgnored
Disliked{quote} Usernaaame...you are selling at 1.1570 based on fib or resistance?Ignored
Disliked{quote} I probably would have been shorting at same level mbrown did if I was at my station. Had other fish to fry last night. {image}Ignored
Disliked{quote} I trade from my mobile phone. I dont have levels setup there. Sorry mate im busy shopping with wifeyIgnored