Never said I was Batman,all I'm saying is you'll never see us together.
Trading Fibonacci Time Zones and Support and Resistance? 20 replies
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Strictly technical 18 replies
DislikedWhat do you guys think about this set-up. Idk if I should buy it when the market opens because it recently just hit the resistance or wait and see if it drops again and breaks the resistance. Also, let me know any good indicators for identifying S+R opportunities {image}Ignored
DislikedI wouldn't buy the USD/JPY right now. I would wait for it to break through that support and sell or wait for it to bounce a little then sell. But I am not thoroughly analyzing it right now. You drew a support line to buy... but why didn't you draw a resistance line to sell? You made a floor without a ceiling. Now, this isn't to say that you always must do both. I am just pointing out that you decided before you drew a line that you wanted to buy. You wanted an opportunity and you created one... but why didn't you look for the disaster to avoid?...Ignored