Once the ABC pattern was established on the h1 chart, there were many abc dip buying opportunities on the m5 in order to get price to the ultimate H1 target.
Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
DislikedGone ... done ... ! Wat willste mehr ... ?
Und ... es läuft doch ...Ignored
DislikedI disagree with that view. IMO, you need to check the bigger picture (or at least the Dax before US opens). Yesterday most stock markets confirmed a key daily/weekly and yearly high (and the ES stayed a few ticks below). That level was key in any traders book.
The hard part is done & I do agree that it could be profit taking after the huge effort of breaking the cap since the financial crisis started. However, mania buying is too common in stock markets to ignore.
IMO, what are you seeing in your tiny 5 mins ES (out of hours) chart is the...Ignored
Dislikedi need to take a close look at what happens, if a spike crashes 3270... how does it react? it's a first for me...
Idea: break of 2570 due to nfp as a serious headfake, because on Dec. 7th the Irish budget might not pass...
just considering the opportunities... crystal ball kaput.Ignored
Technically I am looking at a wedge/pennant forming 3240-3262Ignored
Dislikedthe best confirmation at this moment is to close ur trades. in an hour and a half NFP will be released.
There is no valid technical patterns for me at this time. Solely concentrating on trading the actual news.
1 point thou. m30 is trending up. I will concentrate my efforts to trade the news in that direction.Ignored