If the price retraces close to 2500, I am saved.
Intraday only.
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DislikedSHORT GU 1.2448 TARGET 1.200000000000000000000000000000000000000000000000000000000Ignored
Disliked{quote} not a good biginning to the week. If the price retraces close to 2500, I am saved.Ignored
DislikedIt's very logic to go from dily s2 back to the daily pivot ,i i ha seen cases that it went to yhe opposite daily r2 {image}Ignored
Disliked{quote} Few steps needed. 1. Set your graph to Monthly time frame. 2. On that TF draw Fib starting from top of December 2019 to bottom of March 2020. (Let's say this is the MAJOR Fib) 3. Set graph to H4. 4. Draw Fib starting from bottom of 2020.04.07 to top of 2020.04.14 (This will be the MINOR Fib) Now... look at how market acts around a very specific area. There are two lines - 50% of MAJOR and 38.2% of MINOR almost at the same position. You can see how many times the market has gone over two of them - went back - gone below - went back up - and so on, and so on... I got over 20 transactions in profit basing just on these two lines. Enjoy your profits {image}Ignored
Disliked{quote} yeah this is rare to happen like this. I was expecting s1 to pivot. Today straight to s2. 5 continuous bearish sessions. Now NY is retracing. I expect 38 % retrace for the whole fall. 2640 to 2404 is 236 pips. 38 % roughly 80 to 90 pips. so, I would expect price to hold below 2500.Ignored