59Defender, setups are only valid on close. It helps if you post a chart along with a description of the setup you mean.
We had a PB on USDJPY on yesterdays close and we've gone active/broken that already.
I know I haven't posted here a while, but I'm struggling with my own demons still.
Here a small post on Cable. One could have bought the IB or BUOB break, either would have amounted to the same thing.
The 2x1D PB formation gave a sign that things were bottoming at around 1.9180. Please note that this very same area and movement happened 1000 pips lower. S/R are IDENTICAL. 1.9315 = 1.8315, 1.9355 = 1.8355 and so forth. People keep asking how to find s/r if price has never been there before. That's the answer right there.
Hope I don't get visited by men in black suits from the interbanks now...
Take care,
SeekingLight
We had a PB on USDJPY on yesterdays close and we've gone active/broken that already.
I know I haven't posted here a while, but I'm struggling with my own demons still.
Here a small post on Cable. One could have bought the IB or BUOB break, either would have amounted to the same thing.
The 2x1D PB formation gave a sign that things were bottoming at around 1.9180. Please note that this very same area and movement happened 1000 pips lower. S/R are IDENTICAL. 1.9315 = 1.8315, 1.9355 = 1.8355 and so forth. People keep asking how to find s/r if price has never been there before. That's the answer right there.
Hope I don't get visited by men in black suits from the interbanks now...
Take care,
SeekingLight
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Trust price. Know yourself.