I think the trend is turning around.. I guess Markam is right sfter all
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Dislikedthis is what you calll the "Frankfurt -London reversal ". This is not a unusual move. Infact this is a another trading strategy some traders use. Quite often you see when the frankurt takes the price to new highs, London will take the price down to where it was before the Frankfurt start. No suprises here. Happens all the time.
here's the strategy.. If Franfurt takes the price to new highs.. as soon as the London starts(7GMT) you go short and visa versa. Guaranteed pips thereIgnored
DislikedTo the majority here who are long: you sure this is just another retrace? - maybe to daily 5sma?
My faith in the long targets is getting shaky. 4h momentum has been down for 12h or so, we are now piercing a trendline that can be drawn on 4h, 1h and 15m charts.
Karmo, you do TL's, are you still brimming with confidence?Ignored
Dislikedyah that 50% and daily trendline also, if these 2 are taken care off, 238.80 will comeIgnored
Dislikedit's good u made some profit!
i've predicted a downward movement since yesturday, i guess it had to retest the supports again before that.
we are still in an uptrend. however, we will have a really nice fall in a few.. afterwards, i guess u'll get your 238...
markam just assured my predictions.
by the way. 15m and 30m momentums are about to cross 50 lineIgnored