The bulls has nothing to worry about, here's the Daily chart, look left, the market leaves clues. No less than 13 Daily candles tried to break this level back in May/ June, good luck to the bears, this is resistance that turned into strong support. Guy {image}
{quote} Okay long-term talk... Well based on weekly, which I shared many times so far, I am always cautious around 1.0656.. Even if 1.0618 bounces up I will always try to close my longs around 1.0656 for this week, especially if I see weakness and weird pa.. And remember: because of early settling holiday mood, TODAY might become the end of day, end of week, end of month and end of year... Just saying bro...
{quote} No caution needed, the bulls will simply be too strong into year-end. We'll see weak longs being taken out, but based on candle formation, it's a one way street north from here. Guy
{quote} Way too much confidence for my taste. To me 1.0656 is ceiling.. Let's agree to disagree buddy.. Best wishes
{quote} Let's agree to disagree buddy.. Way too much confidence for my taste. To me 1.0656 is ceiling.. Best wishes
{quote} The monthly will tell you that we are at very strong resistance. I'd be extremely surprised if price moved up without retesting old lows. So your weekly analysis makes a lot of sense to me.
thanks a lot Ata are the sl and tp prices correct? {image}
{quote} It is saying SL is at 1.0630.. That means at that time my order was locked in profit for +18 pips... Got it?
I thought this was a sell offer and analysis for the next few hours
{quote} thanks a lot bro
Hi Ata, I appreciate this comment "On a side note: I am really not fond of long-term.. I stick to timeframes between M30 and D1". Most of the input here are geared toward scalping, and I don't consider myself a scalper. So as much as I hope my input contributes toward gains and further insight, I may need to consider continuing to post my charts, as it may not have any immediate value to other traders here. I am a swing trader, and again, each to his own. I'll consider this and decide on it at some stage. Guy
{quote} Not much going on today guys maybe in the US later we see some more upside but as long as EU stays below 1.0663 there are chances of it dropping below 1.0600.
