Thanks Pips, I shall now ascend to the next level I hope...
DislikedIf we get an hourly close below 206.99, the next logical fib target is 205.73. After that 204.95. There's no way of knowing this will happen today. But negative fundamental news would improve the odds, and positive would at least delay it.Ignored
DislikedAttached is a 1H chart. I have been "testing" some QQE settings on this TF and changed Aus' alert to "1" with stop loss 0.003 (this is the green QQE line).
You will notice that even in our "ranging" in the past few trading days that the QQE1 1H gave a "bearish bias" and if you entered on the QQE5 1H cross down (bear) there was some nice pip moves. I have started to look at this QQE1 / QQE5 on the 60M charts as and added confirmation for the 15M Strategy during ranging - please feel free to test.
I will try and post a setup when QQE1 1H (green line) crosses up (bull). Let's test to see if this is an early indicator direction during ranging. Let me know your thoughts on those who wish to test out.Ignored
DislikedHowever, there is no QQE60 indicator on your graph attached, is is just for testing purposes?Ignored
DislikedKeep an eye open for a valid short signal later, and a possible dip in price to the mid 204's. I see 2 fib cycles waiting to hit the next level down. Let's not miss the ride, if the opportunity presents itself.
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