Divergences are forming guys , sooner then later the market is going to drop !!! Be ready !!!
Human
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Dislikedhuge macd divergence, im biased to short it, only problem is i cant decide wether to short now or wait for it to drop a good couple pips before i enter then ride the train, but that will only work if the train drops for a good 50-100 pips which im guessing it just might do. anyone else?Ignored
Dislikedmarket is really weird nowdays... s&p rallies... and dollar falls... *cringes*... 1.3065 shud b a pretty good resistance?Ignored
DislikedIMO the exact position of the upper channel line is somewhat up to interpretation, and a retracement to higher levels seems possible:
- 1.307 is where EMA 100 sits on H4 and EMA 20 on D1.
- H4 is currently testing Kumo resistance and is about to turn bullish and D1 ichimoku inidcate possible retrace to KS at 1.319Ignored
DislikedEU has hit a resistance at 61.8% fib level and 100% FE. Short from 1.3060. TP 1.2840Ignored
DislikedYou will never find the top for a short or long so what I do is 'interval shorting' so to speak. I enter a position around a resistance if it breaks through all that means is you have another opportunity to short. Of course this only works if you didn't bet the farm on just one position (you'd margin out). Break up your position in little chunks and you should do ok. At least you are averaging your position up.Ignored