Dislikeddont know... but i keep longs
but u/j does have strong resistance at 92.6
it will be hard for g/j to go up unless that's taken out.
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DislikedKeep thi in your "hip-pocket". . . Price will swing on a daily. . . We have touched daily S2 with a dip below to take SL's. Daily S2 is 131.68 where we bounced 200 pips up. . . Daily S1 is 133.04 which we currently trade above now. . . a close above daily S1 will target DPP @ 134.54. . .
The daily swing Daily R1 IS @ 135.9 and weekly R1 is 136.91 and weekly 5 sma is 136.60 area. . . so we could spike up but as long as we don't get a daily close above 135.88 we will swing lower back down in 5 waves to 125 based on weekly chart. . .
DislikedWell this morning I see that we have an ascending triangle so if we go with the notion that price action will break this top in a bull run then we should see that in the beginning of the London's session....hmm...looking at other pairs I see triangle formations as well.. EUR/USD is bouncing off the low of one at the moment as well as EUR/JPY breaking the high of a pennant on the 15 minute chart...
Maybe a retest of the high in the triangle is in the works at the moment for the London morning.. A good R/R/ trade for the morning is to go long below...Ignored
Dislikedi was just about to post this ascending triangle stuff, plus 133.10 is a strong support too, i guess we are going up to 134.30ish again, lets see what will happen there, probably break up for 137.50-60 (lenght of the triangle blabla) , dunno.Ignored
Dislikedwhat about macd divergence on 15min chart? it seems like it's gon' break up. i'm short biased but hedged my short positions 1 to 1 until some other high.Ignored