Breaking 13460 is a trigger for me.
It is expected to form a SS candle that supports a bearish sentiment.
It is expected to form a SS candle that supports a bearish sentiment.
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Disliked{quote} Hi fellows! so appox 12 hours back i have pointed for a possible long entry incase the candle (circled in blue) closes above the trend line, eventually i did close below it and guess what! the same trend line which was acting as a support is now acting as a resistance! check the attached chart. I'm short from 98.20 looking for 97.65 Good Luck all! {image}Ignored
Disliked{quote} how about an answer that can be taken either way, then later i will say i was rightIgnored
Disliked{quote} sure bro , its an interesting chart . was watching 7 Hours ago. thanks for the reminder http://www.forexfactory.com/showthre...18#post6998818Ignored
Disliked{quote} Jeremy! i think for many technical and other similar technical(fundamental) reason don't agree that any type of top in place + the psychology of traders (retail) and they are not heavily short + large speculators have more longs then shorts, yes we all know traders can switch position in matter of seconds but it's not that easy, for reversing the large positions, large speculators need high volatility and last week we saw only 102p move up/down with out any volatility, this week started off with a little increased volatility and in my view...Ignored
Disliked{quote} u may be right... the 4h was engulfed right into support.. atm the day still unclosed is not bullish.. lets c in 3h 15 minutes. {image}Ignored
Disliked{quote} I did not ask that by the way. And I don't know as what mean did you take my question.Ignored
Disliked{quote} Thanks for the valuable words sir . am still holding my shorts form 1.6240 and later on i added 3 more at 1.6227. http://www.forexfactory.com/attachme...8&d=1380606781 by the way it could be a good bearish divergence formation on 4H chart.Ignored
Disliked{quote} what happens with the usd even if it follows techs that are much older. someone will claim it was fundies. sometimes true sometimes not. its not a question that has a answer.. what i think dont matter.. so this answer dont matter. all that matters is pa.. bulls dont want a i hammer on the gbp day or week.. that why we wait for a close. they are rare to form.. pa filters fundies... and the market is always right... we are the ones wrongIgnored
Disliked{quote} 1 h left .. below 6207 close on the next h, with a low below 6280 is a bearish signal to me. the bad part is the s/l could be as high as 6260+spread.Ignored