morning traders(I'm aftraid to say guys as there are ladies here as well )
please proceed with caution at 1.6267....that might be the stop for our ride
wormboy-I did buy some more down there already 60pips + but I have a TP at 1.6260.....always conservative
now let's go back to my lines.even if I have an indi printing the S and R lines on my charts I don't belive in them and I am to lazy to draw them by hand either....would be way to many on all TFS
so I have a help here as ichimocku and the black line...at least I know for sure the price was there some time ago.
I repeat,if one spike like the ones circled is breached then it will head to the next one.if it fails to reach it it will come down to the next one breached
In our case yesterday it breached the 1.6237 level and went towards the 1.6267 but it stalled and came down to the 1.6239...
Again with the protection if you place the TP some pips away from the line it is better.
Now it is going back up and it will reach the 1.6260 line(actually it is 1.6167 but we have to be wise)
+ that the USD ig gaining strenght now ....and the pound is dropping.
RSI 69 on the daily,stochs above 80,Kijun sen flattening .....I wouldn't keep as main TP the 1.6298.or move the SL to BE before
please proceed with caution at 1.6267....that might be the stop for our ride
wormboy-I did buy some more down there already 60pips + but I have a TP at 1.6260.....always conservative
now let's go back to my lines.even if I have an indi printing the S and R lines on my charts I don't belive in them and I am to lazy to draw them by hand either....would be way to many on all TFS
so I have a help here as ichimocku and the black line...at least I know for sure the price was there some time ago.
I repeat,if one spike like the ones circled is breached then it will head to the next one.if it fails to reach it it will come down to the next one breached
In our case yesterday it breached the 1.6237 level and went towards the 1.6267 but it stalled and came down to the 1.6239...
Again with the protection if you place the TP some pips away from the line it is better.
Now it is going back up and it will reach the 1.6260 line(actually it is 1.6167 but we have to be wise)
+ that the USD ig gaining strenght now ....and the pound is dropping.
RSI 69 on the daily,stochs above 80,Kijun sen flattening .....I wouldn't keep as main TP the 1.6298.or move the SL to BE before