USDCHF may be little more complicated.
We probably are in a range and the price may go to the green support
We probably are in a range and the price may go to the green support
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DislikedUSDCHF may be little more complicated. We probably are in a range and the price may go to the green support {image}Ignored
Disliked{quote} {quote} Something to consider before long trade.... just a thought. {image}Ignored
Disliked{quote} thank you for your thought because you touch a key point. as you see on my chart we are on a support. When we are on a support we have to buy. The wicks you show on your chart are logical because above there is a resistance. But as the trend is bullish (HL et HH) we should buy and TP 1 is the resistance and TP2 above if the resistance breaks. Perhaps the support will break and we will have a reversal trend but trading requires to buy at this level not to sell. The probability is in our favor. All the understading of the trading is here !...Ignored
Disliked{quote} Sorry my English level is very medium so i hope I was not directive in my words. I only want to say that for me indicators have no reliability.Ignored
Disliked{quote} Thanks for your input. However, in my case, MACD or RSI is the only tools that tells me whether we are in the momentum run or at the exhaustion point. Price alone does not tell me this information, but I will delete that in the future postings. /rIgnored
Disliked{quote} {quote} Something to consider before long trade.... just a thought. {image}Ignored
DislikedUSD/JPY Can someone please explain to me why I closed my pending UJ short Siuation UJ is now trading in a demand zone (H4), on significant JPY strength during Asia session, 1.5 hours pre-London open. I'm waiting for the pullback to this very nice break of the multiyear trendline... Momentum is strong in this one, might well wipe out the zone. Waiting... no buying in current demand (yet)... need to wait for London and see if JPY can stay strong or if it's an Asia fakeout. Demand prevents any further shorting, this is where I had my...Ignored
Disliked{quote} Hi mate. I saw your last few posts and as per my own analysis, the daily trend line is still holding. It's not definitely broken yet, considering the fact that we still have London and New York session still to come. I will still prefer a long trade specially above 109.20 (I am holding one anyways). And I can sense some emotions coming in for you. I would try to control them if I were you (Considering I have faced a lot of consequences just because of them).Ignored