Disliked{image} interesting formation below and look at the one forming now .. will history repeat ??Ignored
Lost....
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Disliked{image} interesting formation below and look at the one forming now .. will history repeat ??Ignored
Disliked{quote} Dunno about you but I always had the 127.11 in sight (61.8% from Dec2019 high to Mar2020 low) which is still unfilled....Ignored
DislikedBones, as long as new high is not made @Ozalid's scenario is in play when the new high is made ( as indicated per @gespiri chart) we will have a different ball game. For me, everyone can have own rules on how to trade a particular pattern. {image} {image} {image}Ignored
DislikedBones, as long as new high is not made @Ozalid's scenario is in play when the new high is made ( as indicated per @gespiri chart) we will have a different ball game. For me, everyone can have own rules on how to trade a particular pattern. {image} {image} {image}Ignored
DislikedOne has to dig out the bigger moves in last day of the month and next day price falls like a rock making all analysis useless...It is reoccurring pattern with GBP pairs in most of month ends...Ignored
Dislikedthere's no momentum ,because price is trapped see how new month opens ,but up is the actual direction, with 12000 the floor H &S is a top pattern by the way, that means you can't look left and see other immediate price from that pattern. {image} {image}Ignored
DislikedMost professional Forex traders do not waste their time trying to trade short time frame charts. Instead, they spend their precious time taking in the bigger picture of the market, through careful and skilled analysis of the higher time frames. Higher time frame charts contain a more accurate and meaningful view of what is taking place in a market. Successful Forex trading is not about spending massive amounts of time staring at the charts until your eye balls burn. To succeed in the markets you have to develop a meaningful perspective that allows...Ignored
DislikedI think this is where we are. Wave 3 may have been completed at 261.8 (or 1.2643). If so, waiting for wave 4 to complete either at 1.2560 - 1.2592 then up. The complete cycle could be done at 1.2711 - 1.2740 IMHO......then down deep. {image}Ignored
DislikedJust bearing this in mind for slightly longer term trend. Hurdle at 1.263x first. Rgds, Angus {image}Ignored
DislikedMmmm - London slow this morning. Friday, 1st of month, lower opening volume - might just be a consolidation day today. Rgds, AngusIgnored