Very low liquidity today.....spikes with no volume
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- #164,262
- Jan 2, 2023 6:19am Jan 2, 2023 6:19am
REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return:
27.5%
- #164,263
- Jan 2, 2023 6:38am Jan 2, 2023 6:38am
- Joined May 2014 | Status: Full Time Trader | 27,228 Posts | Online Now
Based on H4, bears can not continue without breaking below pitchfork channel.. That means while above 1.0674, forget strong bears. Maybe you can scalp some short-term attacks, but that's probably it.. 
*Based on M30, 1.0688 is the only helper of bears.. As long as that resists, bears can have hope!
*Based on M30, 1.0688 is the only helper of bears.. As long as that resists, bears can have hope!
Focus only on what truly matters!
- #164,265
- Jan 2, 2023 7:28am Jan 2, 2023 7:28am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #164,269
- Jan 2, 2023 7:55am Jan 2, 2023 7:55am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #164,270
- Jan 2, 2023 8:06am Jan 2, 2023 8:06am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Based on H4, bears can not continue without breaking below pitchfork channel.. That means while above 1.0674, forget strong bears. Maybe you can scalp some short-term attacks, but that's probably it..
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #164,271
- Jan 2, 2023 9:11am Jan 2, 2023 9:11am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
{quote} ...new position: TP @ 1.06580... just above the Weekly VWAP {image}
Now, time to rest... Inshallah!
May our hopes turns to wishes... And may our wishes come true! Happy New Year! (or Dear if you have a new one) ; )=
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #164,272
- Edited 10:15am Jan 2, 2023 10:02am | Edited 10:15am
- Joined May 2014 | Status: Full Time Trader | 27,228 Posts | Online Now
Focus only on what truly matters!
- #164,274
- Jan 2, 2023 10:39am Jan 2, 2023 10:39am
- Joined May 2014 | Status: Full Time Trader | 27,228 Posts | Online Now
Nearest resistance on M30 is now at 1.0661.... H4 still has to wait for confirmation of stronger bears!
*If your system is solid and your broker provides low spread, keep trading like usual.. That's what I did so far..
*If your system is solid and your broker provides low spread, keep trading like usual.. That's what I did so far..
Focus only on what truly matters!
- #164,275
- Jan 2, 2023 11:34am Jan 2, 2023 11:34am
- Joined May 2014 | Status: Full Time Trader | 27,228 Posts | Online Now
Meanwhile, on H4...
- Okay folks, now since there is only 30 minutes left until the current H4 candle closes on my broker, we could anticipate that breakout from my pitchfork channel is (going to be) confirmed.
- Once that happens, I think, the median line of my new pitchfork channel (dotted) would be still the overall bear target for today. The potential touch to the dotted median line would occur roughly around 1.0642/32!
- Of course, there is also the possibility of bears giving a brief pause. That could open the possibility of a revisit to the most recent breakout location: 1.0679 area, and even higher towards the upper edge of my new pitchfork channel: 1.0695 area. However, to me that is secondary for now, because I am still noticing sufficient bearish momentum that can keep bears rolling. Still though, just keep the breakout area and mentioned highs in the back of your heads for later use!
My two cents
Focus only on what truly matters!
Meanwhile, on H4... Okay folks, now since there is only 30 minutes left until the current H4 candle closes on my broker, we could anticipate that breakout from my pitchfork channel is (going to be) confirmed. Once that happens, I think, the median line of my new pitchfork channel (dotted) would be still the overall bear target for today. The potential touch to the dotted median line would occur roughly around 1.0642/32! Of course, there is also the possibility of bears giving a brief pause. That could open the possibility of a revisit to the most...
. Appreciate it as always Ata.
"Risks Are Better Than Regrets"
- #164,278
- Jan 2, 2023 12:17pm Jan 2, 2023 12:17pm
Preparing to close my sell entry and going long ! 
REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return:
27.5%
- #164,280
- Jan 2, 2023 2:11pm Jan 2, 2023 2:11pm
- Joined May 2014 | Status: Full Time Trader | 27,228 Posts | Online Now
On M15, my long-term wma-800 line is interfering with bear momentum, which I was easily able to notice hours ago...
So, now it is sort of a mini-decision time before Asian session starts: Will bears continue further? If yes, then they have to break below 1.0650 to do so... Otherwise, a tiny bounce to retest 1.0662 area will occur first... Let's see..
*Bounce happened already while I was prepping this post... No problem.. I posted it anyway
It is still decision area..
**For me personally, spread is not fun anymore.. therefore I am calling it a day.. Trade safe folks and hopefully we meet again tomorrow
So, now it is sort of a mini-decision time before Asian session starts: Will bears continue further? If yes, then they have to break below 1.0650 to do so... Otherwise, a tiny bounce to retest 1.0662 area will occur first... Let's see..
*Bounce happened already while I was prepping this post... No problem.. I posted it anyway
It is still decision area..**For me personally, spread is not fun anymore.. therefore I am calling it a day.. Trade safe folks and hopefully we meet again tomorrow
Focus only on what truly matters!