Quoting fixme1tooDislikedThe next tp area is looking more and more like 9612 area before we continue downward.Over all move remains short.Ignored
fixme1too,
Do you mean 9512?
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Quoting fixme1tooDislikedThe next tp area is looking more and more like 9612 area before we continue downward.Over all move remains short.Ignored
Quoting sarama001Dislikedfixme1too,
Do you mean 9512?Ignored
Quoting cesarncDisliked2 hours stuck between 9560 and 9550.
Looks like it already went down all it wanted... I'm still short, but oozing patience by the seconds...
What do you think?Ignored
Quoting MoneyMa$terDislikedCesarnc,
I think 9550 is a strong 61 fib (drawn from Dec 18 low of 9430 to Dec 20 high of 9750). Today is the fourth time it's been tested since Dec 21st, with only one breakthrough yesterday, Dec 26 between 17:00 and 18:00 GMT. More likely to bounce than break it today.Ignored
Quoting MoneyMa$terDislikedCesarnc,
I think 9550 is a strong 61 fib (drawn from Dec 18 low of 9430 to Dec 20 high of 9750). Today is the fourth time it's been tested since Dec 21st, with only one breakthrough yesterday, Dec 26 between 17:00 and 18:00 GMT. More likely to bounce than break it today.Ignored
Quoting cesarncDislikedI'm getting indicator for long already - RSI, EMAs and Bollinger Bands......
Other people's ideas/thoughts&signals are mostly welcome...Ignored
Quoting cesarncDislikedI'm getting indicator for long already - RSI, EMAs and Bollinger Bands......
Other people's ideas/thoughts&signals are mostly welcome...Ignored
Quoting mbqb11Dislikedcesarnc
thanks for that analysis, just thought I would throw this up too. I try to keep it real simple when I post a chart. It is just another way to look at things. This is the 4 Hour view showing what were stuck in right now. A lot of people are trend traders, but I like to play with what I am given. So I enjoy when pairs range and I can play bounces with price action.
Thanks for all the interesting views in this thread,
MikeIgnored
Quoting cesarncDislikedThanks a lot Mike... Question: what would you expect next? Another bounce at the 38 fib?
I'm not trying to read the future here. But I'd like to have scenarios to work with, based on "got here, ok - not let's wait for this"....
Thanks againIgnored
Quoting fxkennyDislikedCesarnc, Looking at even longer term charts your estimation of 9730 could be correct. The daily is showing a slowly descending channel that corresponds with your chart over the last 3 weeks. This channel could be construed as a bull flag as it follows a significant up move. If we have seen the low for today and work our way up we are forming a nice triangle to possibly propel us to the top of the daily channel which I show @ 9722. The break of the triangle would be accomplished in the vicinity of 9620/30. I tend to favor a break up from the triangle as it was initiated with upward movement. Hope this is not too confusing. Just one of the many observations I make during the course of a trading day.Ignored