Persian Gulf forever
- #524
- Sep 9, 2019 7:09pm Sep 9, 2019 7:09pm
- Joined Nov 2018 | Status: Trader | 4,643 Posts
Hi all This week looks to be bearish. good green luck
ex nihilo
The most important bar on the daily EURNZD chart is updabar from 16/October. This is a fake breakout above top-line. Note, the high of this bar = 1.77002. This is clear manipulation aimed to:
-> knock out sellers who place their stops above 1.77002
-> attract buyers in a trap.
On the very next day 17/Oct - price reversed down. Further price action confirmed, market is not interested to break out above top line A. Thus, we have to expect a breakdown below line B. So, the plan could be as follows:
1) Techincal bounce up from line B. The Exhausting volume on this up-wave will confirm the bearish character. As well as rejecting from 50% halfway back level.
2) breakdown of line B (with an increase in volume). In this case, bears could achieve line C around 1.72
-> knock out sellers who place their stops above 1.77002
-> attract buyers in a trap.
On the very next day 17/Oct - price reversed down. Further price action confirmed, market is not interested to break out above top line A. Thus, we have to expect a breakdown below line B. So, the plan could be as follows:
1) Techincal bounce up from line B. The Exhausting volume on this up-wave will confirm the bearish character. As well as rejecting from 50% halfway back level.
2) breakdown of line B (with an increase in volume). In this case, bears could achieve line C around 1.72
Oleg Alexandrov, market analyst. Find me in Google
- #534
- Feb 17, 2020 3:15am Feb 17, 2020 3:15am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Money moves the market, not an indicator.
- #536
- May 4, 2020 11:48pm May 4, 2020 11:48pm
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
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Money moves the market, not an indicator.
- #537
- May 5, 2020 12:28am May 5, 2020 12:28am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #538
- Edited 11:34pm May 20, 2020 11:11pm | Edited 11:34pm
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{quote} Update: Trade successful {image} {image}
Price created another swing and entry was adjusted based on latest informations:
Money moves the market, not an indicator.
- #540
- Edited 9:27am Jul 23, 2020 8:53am | Edited 9:27am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Money moves the market, not an indicator.