Short scalp 19470 sl 19580, it may need 19100 to test before more up
Beware of Draghi
1
- #387
- Sep 21, 2017 12:03pm Sep 21, 2017 12:03pm
- Joined May 2017 | Status: Trader | 2,047 Posts
{quote} OUT +1
- #394
- Sep 21, 2017 2:33pm Sep 21, 2017 2:33pm
- Joined Jun 2012 | Status: Trader , Analyst and Mentor | 5,884 Posts
{quote} No worries I got + 4 in 3 tries. Huge achievement
4h 20 sma day r1 50/62 fib confluence .....resistance
Say something meaningful or Silence!!
- #396
- Sep 21, 2017 3:10pm Sep 21, 2017 3:10pm
- Joined May 2014 | Status: Full Time Trader | 27,260 Posts
Focus only on what truly matters!
Doesn't really matter too much for my style of trading, but here's what I see for upcoming short-term price movements and targets. 2 ways to go up or down lol. I know I know, easy to say... Yesterday, price touched and reversed at a low volume zone from 14 Sept at 1865. Today, price has gone back up to fill in some of the low volume zone from 20 Sept at 1905-1953.
If we go up:
Unless there is a good reason and 1950 holds up as resistances, I don't see why we can't go ahead and fill the remaining low volume area since we are already here in this area and it would be easier to go up and fill the low volume than to retrace back through the muck below. That would mean price moving up to 1984. At that point, price would stall and slow down some before moving further up to fill in 2022-2036 low volume area. Or price, would reverse to retest lower again.
If we go lower:
1950 would hold as resistance and price would make it's way back down to retest 1900, 1865 and ultimately filling the rest of the low volume area down to 1837. Lots of support areas going down below 1900 again.
That's my uneducated analysis. I'll continue trading the lower TF's, but good to have some type of framework. Don't take my word for it. Trade what you see.
If we go up:
Unless there is a good reason and 1950 holds up as resistances, I don't see why we can't go ahead and fill the remaining low volume area since we are already here in this area and it would be easier to go up and fill the low volume than to retrace back through the muck below. That would mean price moving up to 1984. At that point, price would stall and slow down some before moving further up to fill in 2022-2036 low volume area. Or price, would reverse to retest lower again.
If we go lower:
1950 would hold as resistance and price would make it's way back down to retest 1900, 1865 and ultimately filling the rest of the low volume area down to 1837. Lots of support areas going down below 1900 again.
That's my uneducated analysis. I'll continue trading the lower TF's, but good to have some type of framework. Don't take my word for it. Trade what you see.
