fibo 38.2 is usually not good r/s when wave 3 goes too far
hope .0685 lvl will give a proper impulse from bulls
otherwise we`re going to see .0595 as fibo 78.6
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Disliked{quote} I will be very surprised if 1.0740 does not get retested!! Fx Bible "Retesting of broken support which turns into resistance, is very common" Chp 11 vs 5Ignored
DislikedI’m still waiting to sell. The market is still somehow thinking there will be a rate cut soon it should come up more before news.Ignored
Disliked{quote} .0744 is fibo 50 fibo 38.2 is usually not good r/s when wave 3 goes too far hope .0685 lvl will give a proper impulse from bulls otherwise we`re going to see .0595 as fibo 78.6Ignored
Disliked{quote} If it goes higher we will deal with it then, for now 1.0740 is the resistance. Hopefully you still have some longs as well. Fx Bible says: "In a strong bear market 38.2 Fib retracement is often enough..."Ignored
Disliked{quote} It makes sense! Took a chunk for 45 pips doubled to 90. Sold! 230 Pips for the week but I think I can do better.Ignored
Disliked{quote} If it goes higher we will deal with it then, for now 1.0740 is the resistance. Hopefully you still have some longs as well. Fx Bible says: "In a strong bear market 38.2 Fib retracement is often enough..."Ignored
Disliked{quote} That's good, but it can be greater than that for sure. What do you think is leading these results, favourable market conditions for your system, or something else?Ignored
Disliked{quote} What the post means is: More often than not, in strong bear markets 38.2 Fib holds price, we don't know how strong it is atm ,we only know it's a bear market. So for me, if markets stops there, is telling me that bearish sentiment is still very strong and 1.0669 should be here soon. It's interpretation of price action, another form of technical analysis. Cheers. {quote} This is the problem, if you enter where you should you could even try a couple of times and you are still ok, but if you enter 10 pips away from resistance is going to cost...Ignored
Disliked{quote} Yes, I know that! For me the market just standing here and there are opportunities for scalping, some times more, but times of red news is when a stronger and weaker level is realised. Also big chunks of profit taking can even turn a market.Ignored
Disliked{quote} Another one thing to watch after that, is the fact that the price didn't touched the R1 level makes me suspicious to think that it is very weak to reach higher and may even break below the daily pivot level at 0720 and head lower to test yesterday's low of the swing!Ignored
Disliked{quote} My analysis is for anytime regardless of volatility, of course during data releases and big announcements is the time where most technicals go out of the window. In general terms my plans usually allow for some degree of volatility and mild swings.Ignored
Disliked{quote} One must be a pro to trade with you or at least know very well the basics just for start! Volatility is a two edged sword, can give and takeIgnored
Disliked{quote} Hello all of you, Hope you all are well! • If it reaches (1.0763) before today's news, We will have an opportunity to sell, Let's see! Best wishes for all of you!Ignored
Disliked{quote} You don't have to be a Pro but sure it makes it easier! The Lagarde Witch was supposed to speak wasn't she?? Cheers.Ignored
Disliked{quote} That fits perfectly!! Maybe 1.07 will become the new cash cow!! I know you like this. {image}Ignored