DislikedBig Picture
Monthly undergone huge bullish phase before retracing to the 50% Fib level from which it seems to have found support. Price rejected at 0.9500 level twice.
Daily
A 48 hour hammer, a DBLHC, a BUOB, call it what you like (although it doesn't strictly meet criterea for the latter two yet, i don't get too hung up on it - price looks bullish and if it can push just a little higher before close, that's end of IMO). Price rejected by 0.9020 and pushing up.
Buy Stop would have to go around 0.9375 with Stop Loss at 0.9160. Big...Ignored
I don't like making one candle out of two for the simple reason that the 1st candle is HISTORY, it's gone. I only like to work with the most recent PA.
However, if you did the 2 day candle thingy, it would be a neutral doji. The wick is way too long for a "hammer" type bar which it cannot be in that position.
Ther is no PA for me on this Dan - be careful of looking for something that isn't there (Losing trade). The last candle is way too long and the buyers were firmly rejected.
I would not be surprised to see an IB before it follows Oprah's boobs. If we get an IB, then we get a discount entry price - right?
15 YEARS OF PASR ON FOREX FACTORY!