am in ...Short 1207...we will see new Lower Low tonight base H4 
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- #111,402
- Jun 26, 2020 10:54am Jun 26, 2020 10:54am
- Joined Nov 2019 | Status: Trader | 1,121 Posts
am in ...Short 1207...we will see new Lower Low tonight base H4
**********EDIT***********
No repaint: the fibo channel was posted some hours before:
https://www.forexfactory.com/showthr...1#post13027991
{quote} Funny, on my H4 this was the lowest low. It hit exactly where predicted. But maybe deep learning will overrule the algorithm... {image} **********EDIT*********** No repaint: the fibo channel was posted some hours before: https://www.forexfactory.com/showthr...1#post13027991
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- #111,405
- Jun 26, 2020 11:13am Jun 26, 2020 11:13am
- Joined May 2014 | Status: Full Time Trader | 27,258 Posts
Earlier days 1.1245 was annoying.. Now 1.1210 becomes annoying 
Stay Green
Stay Green
Focus only on what truly matters!
- #111,407
- Jun 26, 2020 11:17am Jun 26, 2020 11:17am
- Joined Nov 2019 | Status: Trader | 1,121 Posts
{quote} eehehe add more short at 1219
(for you, I hope you are right... should not have a spoiled weekend)
- #111,410
- Jun 26, 2020 11:34am Jun 26, 2020 11:34am
- Joined May 2014 | Status: Full Time Trader | 27,258 Posts
This rise was obvious the moment I noticed price couldn't reach 1.1190.. It got stuck at 1.1195 and here we are back at 1.1222 levels.. Both, Inverted and Normal H&S patterns are still valid.. I am out on sidelines with little profit for this last one..
Calling it a day and week.. Cheers
Stay Green
Calling it a day and week.. Cheers
Stay Green
Focus only on what truly matters!
, im waiting patiently for the EU now lol
- #111,412
- Jun 26, 2020 11:40am Jun 26, 2020 11:40am
- Joined Feb 2012 | Status: Trader | 1,255 Posts
Make it Green
{quote} May you share the secret of your wise forecast, my Meister? On my charts, especially fibo-channel H4, it looks like that this was the Friday's Swan. May go lower but not lower than the lowest low from today. (for you, I hope you are right... should not have a spoiled weekend)
, no matter the position I have to stay until Monday, I often do it hehe with a note as long as the price is still in my mapping area, it's still safe because I have prepared my own trading plan. I might be wrong but my intention is my vision of price action on TF H4 
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- #111,415
- Jun 26, 2020 12:22pm Jun 26, 2020 12:22pm
- Joined Sep 2017 | Status: Trader | 4,364 Posts
{quote} Well, what a day. I am starting to believe in Compound's Wednesday reversal theory. Maybe I see it as reversal Thursday because Thursday reverses Wednesday's reversal will watch closely tomorrow.Nevertheless, I have two surviving buy trades in this area. I have mixed signals but if today closes below my daily pivot at 1.12974 I will think twice about entering long trades. I still think if bulls can close above my little descending trend line they could be in with a chance. Price action suspect at the mo. Trade safe, Cheers. {image}...
We have Monday and Tuesday next week to go to month-end. We could see some volatile moves starting the new week. My little descending trendline at 1.12380 currently being tested. A break above sure will put us back in bull territory.
Have a great weekend
Cheers.
Trade to trade another day
- #111,417
- Jun 26, 2020 2:48pm Jun 26, 2020 2:48pm
- Joined Sep 2017 | Status: Trader | 4,364 Posts
Trade to trade another day
- #111,418
- Jun 26, 2020 4:37pm Jun 26, 2020 4:37pm
- Joined Nov 2019 | Status: Trader | 1,121 Posts
Looking back at this day, it was like a perfect forex movie. We had no important news, therefore the it was possible to analyze. But unfortunately the picture left me totally indifferent. Stuck in the middle: we ended almost exactly in the middle of the breakout box. The USD tried to break through down, but at the end it was a false alarm and it went back into the box, oscillating inside.
Then we have the H4 fibo channel: when the breakout was tried, it bounced back beautifully, exactly at the lower channel boundary. H4 is going up... will the EURUSD follow or break out?
Difficult to say, because the H1 fibo channel also followed "the rules", but is showing south. There was one important moment: the candle tried to close outside the channel, but went back inside. H1 is going down... will the EURUSD follow or break out?
Then we have the H4 fibo channel: when the breakout was tried, it bounced back beautifully, exactly at the lower channel boundary. H4 is going up... will the EURUSD follow or break out?
Difficult to say, because the H1 fibo channel also followed "the rules", but is showing south. There was one important moment: the candle tried to close outside the channel, but went back inside. H1 is going down... will the EURUSD follow or break out?
