RSI is oversold value 14.11
1.2750 in May ?
time over time everything will be clear
1.2750 in May ?
time over time everything will be clear
1
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Disliked{quote} Anyway Folks, Had my stop taken out. From a weekly perspective we are at a very crucial level with the 61.8% fib retrace at 1.24939 of the year and some up trend from March 2020 to June 2021. So far, price stopped just short of 1.25000 and I suspect another push down towards 1.24939 where I could look for more buy trades. The reason I am taking this buy trade is that weekly reversals tend to occur on Wednesday's/Thursday's. I could be wrong and it is always advisable to wait[/highlight]...Ignored
Disliked{quote} i am already in buy bro i am targetting 1.2750 for now i want to see price attack 1.25 toward 1.22 a target of 1.35 will be determined by the rejection of 1.25 area. we are still in Q2 1.22 is possible while i expect Q2 to offer us the low of 2022 1.35 by Q3 2023 Q2 1.4 just my technical viewpoint, i have no knowledge of what fundamental outcome would be..Ignored
Disliked{quote} you think the down side is over from 1.25? i am waiting for 1.27 to get broken first but i agreed to 1.30 just the time i have seem differentIgnored
Disliked{quote} Hi, sorry I didn't get back sooner, I had finished my own trading session and was away from the desk. Have just come back now to update my potential supp/res charts. At the time of your post, yes that was the pt.5 on 30min (ie a fractal swing) in it's potential exp tri...you can of course wait for a decent 30min trigger or try and get in sooner on a t/f below...15min or 5min, 5min for eg gave a good bull engulf close at an over-sold read. The target would be a fib ext of move 4-5. On this occasion, although the set-up produced some pips...Ignored
Disliked{quote} As per Motys Fibonacci observation , cable is rallying off 50% on the short time frame . As per monthly Fibonacci , cable is rallying off 38.2% from June 2021 High , March 2020 Low retracement .Ignored
Disliked{quote} Call me pedantic, but just to be clear for others, the 2nd fib you are referring to is @ 2495, and is the 61.8% of the march 2020 lo @1410, to the june 2021 hi@ 4249 up-move. You draw fibs from where the move starts (0) to where it finishes (100) not from where it finishes to where it starts.Ignored
Dislikedanyway, 100% and 0% are two faces for the same coin like 38% and 61% etc..Ignored
Disliked{quote} Quoi qu'il en soit, mes amis, mon arrêt a été supprimé. D'un point de vue hebdomadaire, nous sommes à un niveau très crucial avec le retracement fib de 61,8 % à 1,24939 de l'année et une tendance à la hausse de mars 2020 à juin 2021. Jusqu'à présent, le prix s'est arrêté juste en dessous de 1,25000 et je soupçonne une autre poussée vers 1,24939. où je pourrais chercher plus de transactions d'achat. La raison pour laquelle je prends ce commerce d'achat est que les inversions hebdomadaires ont tendance à se produire le mercredi/jeudi....Ignored