Do you guys think it will go further down after the BOE Gov King Speaks? is it worth holding the trade?
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DislikedJim,
I am a newbe, can you explain what that type of candle represents? Thanks.Ignored
Dislikedi think jim meant to say bearish engulfing.
In any case, the engulfing or harami pattern signals that the current trend is losing strength & at least a temporary reversal is imminent.
My D1 had closed a bearish engulfing. Depending on your closing time to determine the validity of the pattern, I suppose it's safe to say in order for the pattern to stand, the day's close must be 1.4730 or below.
Good luck.Ignored
DislikedIn the below chart i am seeing that its going below the 38.2 Fib on the H1 and if it closes below that then do we recon that it will continue its trend down to 23.6 level ....
EDIT : on the H4 ...Ignored
Dislikedyou might want to add a horizontal line across 1.47. That's the monthly pivot. Lower down to the H1 & see if price can close below it, if it can, then your 23.6% will not be a problem.
Good luck.Ignored
DislikedIf anyone here is going to trade the retracement, you should get in now for at least 25-30 pips profit.Ignored
DislikedI think the time say me buy.... buy.... . I heard and bought 10 lot.
lets stay in the road.Ignored
DislikedIt would help mentioning the level you are talking about and what the reason of your view is.
Can't see anything important right now.
H1:
AttachmentIgnored
Dislikedso, buying large contracts for 0.5 pip profit again are we?
seriously tho, why risk something like that at this time of the day, with both king & ben talking at the same time. Care to share it with a chart?
That's the second time I've asked you for a chart today to explain your calls.Ignored
DislikedThat's why i posted right after that because when i looked at the 4hours chart it broke the trendline and the right setup for a short is valid. So at this point i believe we will have a continuation to the downside.Ignored