Looks like it’s going down more will probably look to short Monday
ex nihilo
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DislikedThe 2nd week where Daily candles couldn't achieve a close below 1.1250. Intraday wise we faced a fake quick drop below 1.1266 that I was watching and bulls quickly kicked in, took back control and caused another rejection from this level. Next week we start checking again if 1.1266 area holds and if it does the bull move to retest 1.1407 area will begin to play out. I am intentionally saying "retest" because based on weekly the big trend is still bearish. The bull move is just a classic move of smart money to trick in as many buyers as it gets....Ignored
DislikedThe 2nd week where Daily candles couldn't achieve a close below 1.1250. Intraday wise we faced a fake quick drop below 1.1266 that I was watching and bulls quickly kicked in, took back control and caused another rejection from this level. Next week we start checking again if 1.1266 area holds and if it does the bull move to retest 1.1407 area will begin to play out. I am intentionally saying "retest" because based on weekly the big trend is still bearish. The bull move is just a classic move of smart money to trick in as many buyers as it gets....Ignored
DislikedThe Bear run is done, the only Target I can see is around 1.325 and it may sit in that zone all week. Until we see a clear Two Bull Candles moving away from the BAR, it ain't going anywhere. I am looking to trade this on M1 at a reversal around 1.1288 up to the Target Zone THEN WAIT for a signal. {image}Ignored
DislikedThe Bear run is done, the only Target I can see is around 1.325 and it may sit in that zone all week. Until we see a clear Two Bull Candles moving away from the BAR, it ain't going anywhere. I am looking to trade this on M1 at a reversal around 1.1288 up to the Target Zone THEN WAIT for a signal. {image}Ignored
Disliked{quote} Hi Techanalyst I am talking about previous history of hundreds of millions of dollars of orders being opened or closed at this point in October and November last year. It is the opening and closing point of the Bankers Candle ( Monthly Candles ). I trade into these zones myself as a strategy like many hundreds of other traders. If you need prove that the price is FORCED to move to these zones, guess where my TAKE PROFIT was from a SELL I had on this pair last week. I did not show something on that chart. See that spike down at the structural...Ignored
Disliked{quote} Ok sure i see what you mean. It was also close to other months. Not sure what you're trying to share but whatever brings you profit it is all good. As for knowing "bankers" levels, none of us know that. You can't really know if it is going to get to the monthly candle of october 2016 unless it arrives there like now. But either way it makes no difference to me. I can find better levels for myself on daily chart. Much better levels and a lot profit. Price moves where it moves. It is not forced to move anywhere, it moves because market makers...Ignored