Quick H4 Outlook Good morning folks... As mentioned yesterday today is "shark attack" day!If anticipated idea plays out, we should see a strong bounce up as soon as price touches ~1.0715 (~1.0706-ish max. if momentum is high) and therefore we must stay in predator mode! Once/If shark gets triggered, potential target areas are: TP1: 1.0778 area! And maybe TP2 (not a guarantee): 1.0818 area. Let's see how it goes... Happy trading day to all
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This is what I expect on a close above 1.0725 - chart with notes Daily {image}
{quote} Wednesday and Thursday sells without hitting daily pivots sounds off to me. Maybe tomorrow is for correction upwards.[/quote The ECB seemed to delay the Upward Correction with their conference today. So yeah maybe it will occur tomorrow
One thing Ive learned today is, Its not about having a Bias, Its about understanding Where the Market was, Where it is now and where it might go. I anticipated the very first Sell, but i did not enter because i thought it was to early. That Sell took out the Daily low, then i anticipated the pullback to the closest Swing point buyside, but it only reached that exact zone after PPI. It just shows, patience and understanding is more important than any Indicator.
Let see if we gonna get a bounce from this red zone, as it hit all my buy limit orders, if not i will take the loss and close my buys, and look for better setup if it hits the bottom of the red channel
