- galactico replied May 14, 2020
After so many failed attempts at breaking 1.088 we're back at a crucial level. On H1/H4 we've been in a slightly rising channel for a couple of weeks with low points hitting a trendline (red on my chart) almost to the pip. That trendline is now at ...
- galactico replied Apr 7, 2020
So, as WaveGarrick said yesterday, it certainly looks like we've found support at the same level 1.078 area as in mid February, which was after that long steady fall before all the Coronavirus volatility started If we stay above that level Bulls are ...
- galactico replied Mar 25, 2020
It's definitely buying dips time imo. Probably not until tomorrow for me because the Asian session has been unpredictable recently. The H4 is giving Higher lows but we do need a higher high soon to break out of the sort of ascending triangle I would ...
- galactico replied Mar 22, 2020
For when markets open: - 1.065 has supported so far. - We may see a retrace but unless it breaks the 1.085-1.09 area, it is only a retrace - If the current support breaks first stop should be 1.05 area. This is, for me, the most likely scenario (up ...
- galactico replied Mar 17, 2020
We have a clear Head & Shoulders on H4 that would take us to 1.098-9 at least and more likely 1.09. Nothing is guaranteed, but the pattern is there.
- galactico replied Jan 15, 2020
Your plans seem to come together quite a lot. Patience is a virtue. Great trading
- galactico replied Aug 14, 2019
According to my analysis, tday is a day to sell highs. Ideally around 1.11850 (between orange and green lines on my chart) Obejctive around 1.113-4. (yellow zone) If price returns above 1.1195-1.12 this would cancel the plan
- galactico replied Aug 6, 2019
Lovely Head & Shoulders on most of the lower timeframes, with the potential to take us to the 1.113/4 area. No guarentees of course but does look nice.
- galactico replied Jun 6, 2019
after yesterday's massive rejection of the 1.13 area at the top of the descending channel, I would expect there to be some further bearish force. To where? Who knows but, as I said yesterday, first stop should be the round 1.12 figure that coincides ...
- galactico replied Jun 5, 2019
Long term downward channel functioning to perfection That's the 4th or 5th rejection. 1.129-1.13 needs to be broken and clearly for the trend to change to bullish. If that cant happen first stop is the long term MA on my chart at 1.12.
- galactico replied May 30, 2019
There hasn't been an H4 close below this 1.1125-3 level. Many spikes but no closes. We are on the edge at the moment with 55 minutes to go (my H4 charts). A clear close below this time would open up a stronger move down past 1.11
- galactico replied May 23, 2019
If you look at the Daily this is all within what is normal or expected. We are in the middle of a well defined downward channel. 1.118 is a resistance then after that it would be the longer term MA on my chart at about 1.121/2. that MA has held up ...
- galactico replied May 15, 2019
As many of us, I got stopped by Trump's auto tweet earlier but managed to book 17 pips as I was cautious from 1.121 and trailed it down. The massive retrace that was probably a stop hunt was a great opportunity in my opinion to get back in around ...
- galactico replied Feb 17, 2019
If i have understood correct. On M5 there is a setup maybe with candles not similar enough and price doesnt return, but on M1 there is a correct setup before the M5 engulfing candles that would have been good. (but if we are looking on M15 we would ...
- galactico replied Feb 13, 2019
Maybe. It depends on how you read them. I see a return to the accumulation area - we agree. But then was yesterday's movement just a pullback to continue down to the recent lows at 1.121-2?? Or was it the start of an upswing and today is the ...
- galactico replied Feb 9, 2019
Yes. There's nothing to promote a long position yet. In fact this is one of the cleanest downswings we've seen on the EU for a long time. very little retrace. If it continues then 1.13 will probably offer some accumulation but I'm interested in ...
- galactico replied Jan 22, 2019
He means the longer term channel - not sure I would trust it though. WHo knows
- galactico replied Jan 17, 2019
WHat a day!!
- galactico replied Jan 11, 2019
The 1.1516-8 area was hard to break through yesterday and seems to be again today (let's see) My bias is still bearish but I want to see that breakout first and there is also an inverse Head Shoulders on the M/15/30/H1 timeframes that could take us ...
- galactico replied Dec 19, 2018
If it happens, a potentially significant Daily close above Ata's LWMA49 today (unless the FOMC provokes a 50 pip drop)