Quoting monarchDislikedI am looking (not predicting) for the price to close between 1.9625 and 1.9637. The Four Hour Candle and its indications that Fixme1too is talking about has me very curious right now.
It seems that the bottom has been tested on the 1 Hour Chart twice at the 1.9603 at 7am (Pacific) yesterday, and 1.9604 at 6am (Pacific) today.
This is helping us see there is not enough Bearish invlovement that it wants to drop hard just yet, the Bulls are hanging to their positions closely, waiting to finish this uptrend for the week.
The channel here which is looking for a breakout, I usually start looking for final positions to be entered during the Thursday trading session.expected there is a 100 pip channel now at 1.9610 to 1.9710.
I will wait for Position 3 after the 9:00 4 Hour Candle Opens(Pacific)
MonarchIgnored
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