Three times in a row PA is totally predictable. Strangely last three days no losses...
WT
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Disliked{quote} Bacco, I swear I didn't copy your chart, I just opened your post.Ignored
DislikedStill holding longs from 3730 will see how tonight ends before I look at next stepsIgnored
Disliked{quote} babayaga, I can only present my analysis (point of view)...With ending diagonal it's always guesstimation (at least for me). The last six days are a mess on a daily but for short-term traders like me, it doesn't make any difference. If you look at my chart below and consider that W5 is in place I wouldn't disagree because all ratios which identify the end of W5 are there...Corrective zones are marked as green rectangles. {image}Ignored
Disliked{quote} babayaga, I can only present my analysis (point of view)...With ending diagonal it's always guesstimation (at least for me). The last six days are a mess on a daily but for short-term traders like me, it doesn't make any difference. If you look at my chart below and consider that W5 is in place I wouldn't disagree because all ratios which identify the end of W5 are there...Corrective zones are marked as green rectangles. {image}Ignored
Disliked{quote} i didnt bought it today, but idk what the real direction right now.. all pairs drive like drunkIgnored
DislikedDay trading ended in red yesterday. Now struggling to recover the losses... What a spaghetti trading! {image} {image} {image}Ignored
DislikedI've just closed the short from 740 @ 699 for +41. It was moving stupid and nearly market close so that's enough for me, things can be assessed again on Monday morning. Btw what do traders think of this channel? I feel like the shorts are more laboured than the longs, which make decisive moves and hit targets quickly. But the consensus (only from things I've read in the last days) is that it will break to the downside? {image}Ignored
DislikedA quick summary for the week and month end, I say 1.3740s is a crucial level, a base above might not mean holding on a strong resistance @1.3770s but might open the door to clear it on the way to 1.3850s and that will be very strong move on monthly. On downside, around 1.3620 is a strong support then comes 100pips down 1.3520, any further fall and base below there this week might mean change of trend for next month/s IMO, falling below 1.3390s is not in the cards and 1.3740-70s seem strong resistance zone Play your cards right...Ignored