DislikedBro.. just a small thought.. If the price reach 230+ My 4hr QQE5 will cross upwards, Thats a indication of a short term trend change and That it self could push the price towards 235+ area.Ignored
Thanks bro, appreciate it.
Ken
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DislikedBro.. just a small thought.. If the price reach 230+ My 4hr QQE5 will cross upwards, Thats a indication of a short term trend change and That it self could push the price towards 235+ area.Ignored
DislikedAm I the only one who thinks GBP/JPY is bearish?
-JPY GDP (QoQ): Positive.
-GBP House Price Balance: Negative.
My charting analysis is neautral; suggests a 228 retracement, and then a decline to the 221 levels.Ignored
Dislikedwhat do you think are the most relevant current support/resistance levels to determine the magnitude of the retracement and its timespanIgnored
Disliked231.40 is Daily 5msa. Todays momentum is pointing towards the Daily 5sma Retracement.Ignored
DislikedHay Aus. I have looked at my charts, and I put a fib on the 4 hour and it comes in at around the 231.40 that you are talking about. But did you do a fib on the daily to get your 231 mark? Actually looking at it again, the daily fib is coming in at that same point too. The mom is still up on all 3 (1, 10, 14) on daily.
I guess where I need some hints is my entry. I don't want to know what yours is, I just want to work it out for myself so I know what it is. I'm presently looking at the 4 hr qqe, but is that too far off? Also, I am seeing the 5 sma's and the Gann all in a steep downhill fall. Is this sugnificant? I figure it is.
Sorry to be big-winded. Trying to learn. Really appreciate your and M2B, H.M etc inputs. You guys are the greatest. AllanIgnored
DislikedHi Allan.. I usually dont use fibs.. I use the 5sma(close) level on each TF's instead. It works the same as fibs. Just much easier to spot 5sma's than Fibs , for a no-brainer like myself.
Once you determine your target it's good to enter from 1hr 5sma levels. 1hr 5sma level is the true price of intraday price action IMO. But before you enter make sure the RSI and Stochs are not in oB or OS levels.Ignored