how it reacts will be in PA
just trade it @ levels just the same as any other time with a bit more caution l suppose
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DislikedEU 5M is looking like its compressing slowly, took a short at 38406, if PA is satisfactory ill let it run, otherwise scalp for 3-4 pips
Edit: Out +5 pipsIgnored
DislikedEU 5M is looking like its compressing slowly, took a short at 38406, if PA is satisfactory ill let it run, otherwise scalp for 3-4 pips
Edit: Out +5 pipsIgnored
DislikedNot sure if the flagpole structure is technically correct, but it looks like a pennant with consolidation within a symmetrical triangle.
Pennant suggests the market is happy with current rates, however as this is a continuation pattern the consolidation could be short lived and therefore we should monitor price action for breakout to the north.Ignored
DislikedAs I am packing my bags to go skying somewhere into Alps in your homeland!Ignored
DislikedAttachment
...... loony went exactly from zone - pity never held it, PA here on loony - can be a sellIgnored
Dislikedi was gambling a bit with that gbpusd short, thats why my position size on it is a LOT smaller. Not as good as you yet thats why This thread is very humbling to my ego.
Also on eur usd this is what im looking at, any comments?
EDIT:
EURUSD Trade out at 379946
GBPUSD: Still open since smaller positionIgnored
Dislikedi was gambling a bit with that gbpusd short, thats why my position size on it is a LOT smaller. Not as good as you yet thats why This thread is very humbling to my ego.
Also on eur usd this is what im looking at, any comments?
EDIT:
EURUSD Trade out at 379946
GBPUSD: Still open since smaller positionIgnored