Disliked{quote} I'd like something like this to transpire...the damage has been done to the bull camp in my opinion... {image}Ignored
Disliked{quote} On the H4- do you see the support ~0.7175? Then you see the large H4 engulfing bear candle that happened (3 candles before the current one)? I usually take those candles as hints, and more often than not it is correct. If a candle closes below the last closed support, generally we will break the support.....so looking at the H4, I consider the support mentioned before already broken, just waiting on NY to seal the deal, at which point I'd short the retrace if the time is right (ie not franky-LO or NY open/close If you need a picture...Ignored
edit : awesome explaining on the chart ... thanks