I have an indicator, which gives the weekly- and monthly pivots. Look here what a story was yesterday night and today early in the morning
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DislikedLooks like the correction of the breakout is forming a bearish flag. What do you think guys?Ignored
DislikedFx1, have a look at the candles in that ascending wedge I posted. Look at the length of the shadows. A lot of indecision in there, mate.Ignored
DislikedYes EV, those consecutive spinning tops does show indecision. But the last candle on your chart is pretty bullish after the bear candle that respected the ascending TL. I'm long from 1.7408 by the way after the retest of the ceiling which followed after the breakout of the ascending triangle.
Edit: I'm out at +5 points. Still looking at it as a bearish flag. .. But no harm to get some points inside of it.Ignored
Disliked5 pips is 5 pips, mate. Latest picture I have is back on 5m, and it's definitely a rising wedge.Ignored