I'm high on trading, cant you tell?
Inverse - Opposite side experiment All Time Return:
-4.2%
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That said, I think you're onto something here.
Disliked{quote} What's going on here? Allow me to make two observations: Your trendline has been breached severally before. It is therefore not a very good resistance gauge. Your fibo level 0 is in no mans land. That said, I think you're onto something here.Ignored
DislikedI'm still bullish on this pair. Price broke out of channel to the upside and the upper TL is holding, preventing price from going back into channel. Targeting the red trendline above price {image} {image}Ignored
Disliked{quote} Im not saying it is a good resistance level but eventually it can be since the market usually their to trap the buyers trying penetrate the market .. that trap line also contribute a gauge of declining market. {image}Ignored
DislikedThe bigger picture is technically in favour of bulls because there is a big gap to be filed around the 1.45330/1.51030 area. However, that's still a long way off. KPIgnored
DislikedHi mate! Check the weekly time frame. Look left for that big drop with an upper wick. KP {quote}Ignored
Disliked{quote} Im not saying it is a good resistance level but eventually it can be since the market usually their to trap the buyers trying penetrate the market .. that trap line also contribute a gauge of declining market. {image}Ignored
Disliked{quote} Your trap line might be working. Price is back inside the channel, might look for lower TL in channel. I expect 3820 to be hit soon.Ignored
Disliked{quote} Im not saying it is a good resistance level but eventually it can be since the market usually their to trap the buyers trying penetrate the market .. that trap line also contribute a gauge of declining market. {image}Ignored
Disliked{quote} There is a trendline support on the H1, until it gives its still bullish. Or it can go sideways and give us excruciating pain...Ignored
Disliked{quote} This is my view. I can see the TL you're talking about (red line). There is also support at 3845 (blue line). But should both give way, I expect 3820-3810 today. {image}Ignored