I hope the day closes below 1.17650. That will give us hope for more bearish move. A close above 1.17700 (H4 200 EMA) will dash my hopes for the bearish outlook.
- #115,162
- Oct 6, 2020 12:58pm Oct 6, 2020 12:58pm
- Joined May 2014 | Status: Full Time Trader | 27,155 Posts
Trump shenanigans again.. hahahah... wasn't watching but when I checked I saw price came back to magnetic support level 1.1747, which is what I wanted anyway 
All I can say is that this drop is "fake" or in other words: "irrelevant".. technically 1.1740/47 is strong support.. Price falling down so quick to this level changes nothing and doesn't mean imminent bear continuation.. I still expect bulls to push this back up towards 1.1770/80 at least.. After that we can sit and analyze again.. Tomorrow we can work on that.. Still waiting on sidelines for now.. Trade very carefully and best would be to stay bullish (don't rush to become bearish.. it will take some time.. don't hurry)
Stay Green
All I can say is that this drop is "fake" or in other words: "irrelevant".. technically 1.1740/47 is strong support.. Price falling down so quick to this level changes nothing and doesn't mean imminent bear continuation.. I still expect bulls to push this back up towards 1.1770/80 at least.. After that we can sit and analyze again.. Tomorrow we can work on that.. Still waiting on sidelines for now.. Trade very carefully and best would be to stay bullish (don't rush to become bearish.. it will take some time.. don't hurry)
Stay Green
Focus only on what truly matters!
- #115,166
- Edited 3:16pm Oct 6, 2020 1:17pm | Edited 3:16pm
- Joined Feb 2020 | Status: Trader | 2,364 Posts
{quote} After that "nothing" doji today, my question is: turning into which direction? And which indi will tell you? FastTMA? Greets from you know where from ;-)
that is the secret of original kfc , finger licking good receipe .
Took more than a yr for me to figure it out.
we should discuss further ....
Greetings to you as well , you know where from
- #115,170
- Oct 6, 2020 1:32pm Oct 6, 2020 1:32pm
- Joined May 2014 | Status: Full Time Trader | 27,155 Posts
Focus only on what truly matters!
- #115,171
- Oct 6, 2020 2:59pm Oct 6, 2020 2:59pm
- Joined Oct 2013 | Status: Trader | 1,079 Posts
T2 filled @ 1.1731
- #115,172
- Oct 6, 2020 3:20pm Oct 6, 2020 3:20pm
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,234 Posts
Risk comes from not knowing what to do
- #115,174
- Oct 6, 2020 3:27pm Oct 6, 2020 3:27pm
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,234 Posts
Risk comes from not knowing what to do
- #115,178
- Oct 6, 2020 3:41pm Oct 6, 2020 3:41pm
- | Joined Oct 2013 | Status: Long term Analyst | 1,198 Posts
{quote} This is a matter of buying dips... We took out last week's high and price is still making higher highs and higher lows on 4hrs
Never follow/blame others,Patience is the key skill for Succesfull trading.