Disliked{quote} It should go. In hourly chart, it was 200 EMA. resisted. Now after consolidation it must go up. Not sure though. It is only my analysis.Ignored
Maybe premature.
Come with me if you want to live....
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Disliked{quote} It should go. In hourly chart, it was 200 EMA. resisted. Now after consolidation it must go up. Not sure though. It is only my analysis.Ignored
Disliked{quote} Now what!! Before you assume its a reversal.. please note that trends dont change directions instantly... you will have lots of Yo-Yo before it empties your account and resume. Dont believe patterns in a correction of a trend... it will be always extended corrections xyz and form complex shapes... better to aim small till the trend is clear. Best of luckIgnored
Disliked{quote} lots of yo-yo.... with last day of monthly closing... they want to reduce loses as much as they can. They will attempt to close higher near 1.3330 statistically, we have 75% chance to close higher in june than what we will have today.Ignored
DislikedYesterdays closed candle and the brewing 1/4hr H&S formation off 1.33 area resistance, all point to the downside in my book.Ignored
DislikedI see this being the basis of a short term recovery/retracement. I'm long at 1.3339, looking at 1.3410 as the top of this move.Ignored
Disliked{quote} I think you maybe right or thereabouts Luzbay, certainly a better outlook than I have managed to publish this week. Looking at the monthly, I have a decent reaction zone around that area. I feel It's always good to acknowledge our mistakes, keeps our feet on the ground and helps us improve. {image}Ignored
Disliked{quote} All I can tell from this monthly chart is that during the past 2 months price has made a 50% retrace of the previous 15 months.Ignored
Disliked{quote} Looking at the monthly PA I highlighted, it looks like a resistance/price reaction area to me. It is also the 38.2fib of the April 2018 high and Oct 2016 low on the chart. You will also find fib confluences in the same area from the other major swing points on the chart, (namely June 2016 high to Oct 2016 low and June 2015 high to Oct 2016 low). What is the significance of the previous 15 months when it's Oct 2016 that marks the low? The major 50fib of April 2018/Oct 2016 (I think),comes in around 3090 or so.Ignored