First long opened
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Disliked{quote} will tell you how the reversal happens. Today price is falling.... will fall...will continue to keep falling. At some point it stops, I do not trust support or resistances. But I trust when the price reverses and close above daily open price. NY does this.... reversal usually. Never in Asia. Will show you the reversal example. look at 3rd september. Price closed above daily open with slightly bullish daily candle. {image}Ignored
Disliked{quote} ok.... but prices can also reverse (often) if a major bear trend line is broken then prices go back again and retest the recent extreme (can be a test, a LL or an HL) and then the signal bar is a strong reversal bull bar..... An expert trade can also buy with a limit order around there but for a nobody like myself I suggest a bull trend bar....at least for a 1:1 RR...done for the day.Ignored
Disliked{quote} ok.... but prices can also reverse (often) if a major bear trend line is broken then prices go back again and retest the recent extreme (can be a test, a LL or an HL) and then the signal bar is a strong reversal bull bar..... An expert trade can also buy with a limit order around there but for a nobody like myself I suggest a bull trend bar....at least for a 1:1 RR...done for the day. EDIT: also look at springs/upthrust patterns by wyckoff.Ignored
Disliked1.2380-1.2400 zone tested now we have a potential star pattern (on close of this candle) I wont enter but my prediction for NFP for tomorrow will be a spike back up then a drop down. If this dosent happen then I'll stick to game plan stated in previous post however this is what I wanted to see. Gold has the exact same set up for those interested, I've not posted it on FF but was talking about it to a fellow trader on Instagram today, (no I'm not a Instagram trader who offers signals before someone says) again spiked right into the reversal zone....Ignored
DislikedGBPUSD sold above 1.24000 , the chance to turn back are less than 25%, i wasn't expecting to see it rising more than 1.24250 anyway.If he goes below 1.23000 with no reaction in that area , the chances to go back to 1.24000 are 0%.I can add to this USDJPY who found the bottom and is ready to rally ( at least short term).Ignored
DislikedLong positions should exit at this point...it's not coming back,lost all the upside momentum,if friday reaction was fake this is a dangerous situation now...it's on his way to 1.22000-- The Big Bear woke upIgnored
Disliked{quote} ok.... but prices can also reverse (often) if a major bear trend line is broken then prices go back again and retest the recent extreme (can be a test, a LL or an HL) and then the signal bar is a strong reversal bull bar..... An expert trade can also buy with a limit order around there but for a nobody like myself I suggest a bull trend bar....at least for a 1:1 RR...done for the day. EDIT: also look at springs/upthrust patterns by wyckoff.Ignored
Dislikedoh my. I'd be scared if I was a bull now. Things are about to get fugly big time.Ignored
Dislikedoh my. I'd be scared if I was a bull now. Things are about to get fugly big time.Ignored