E/A Lower time frame TDI all up, bouncing from S38, Daily P/A up, confluence with Daily uptrend. One previous Badly timed entry.
Davit I realize of course trend lines are not generally focused on here other than to clarify general direction, but I think in instances such as this when they correlate with pivot points they may provide confluence which supports taking the trade while applying your strategy. It is the first time I have mentioned a trend line in this manner posting here, so I hope you will tolerate any perceived indiscretion. As I realized the price was dropping towards this point, I held off entering until I saw PA and other factors supporting an entry here. In the closing hour of the market, ending weekly, monthly and quarter, the E/U dropped enough versus the Aussie to bring the E/A close marginally below the D/T line with an inverted hammer on Daily. Not a bullish signal, butt still hovering at S38 zone. Cheers
Davit I realize of course trend lines are not generally focused on here other than to clarify general direction, but I think in instances such as this when they correlate with pivot points they may provide confluence which supports taking the trade while applying your strategy. It is the first time I have mentioned a trend line in this manner posting here, so I hope you will tolerate any perceived indiscretion. As I realized the price was dropping towards this point, I held off entering until I saw PA and other factors supporting an entry here. In the closing hour of the market, ending weekly, monthly and quarter, the E/U dropped enough versus the Aussie to bring the E/A close marginally below the D/T line with an inverted hammer on Daily. Not a bullish signal, butt still hovering at S38 zone. Cheers