DislikedI am becoming a better and consistent trader because of your comments and this thread.Ignored
Measure twice, cut once
Drawing Correct Trendlines 58 replies
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DislikedI am becoming a better and consistent trader because of your comments and this thread.Ignored
DislikedMorning,
im pretty messed up about cable. Look at chart below, mainly, cable should be at the bottom of donwtrend channel, which means probably up, we now, that cable loves to range, right?
Look at my blue line, it shows, that cable broke important donwtrend line yesterday, so probably up, or its just a fake?
News should hint directions way, im still confusedIgnored
DislikedMade just a few pips for EU.
It could not go very far anyway. We are in a strong daily uptrend an Pivot was a strong magnet. Better wait for it to break H4 UTL. It should be big.
Jupiter.Ignored
DislikedD1 - Descending triangle limited by a strong LTL.
H4 - Descending wedge limited by D1 strong LTL.
H1 - Descending wedge limited by H4 LTL and D1 LTL.
So,I may think it will bounce back up for this week and maybe (and it's a maybe), it could go down sometime this month.
For now it's just playing between UTL and LTL ups and downs. It should hit LTL (around S1) and bounce back up. If it does, you can go long for a few pips...
Jupiter.Ignored
DislikedMade just a few pips for EU.
It could not go very far anyway. We are in a strong daily uptrend an Pivot was a strong magnet. Better wait for it to break H4 UTL. It should be big.
Jupiter.Ignored
DislikedHaving a more insighful look, I noticed that we are in an ascending wegde (H1) inside a descending wegde (H4)!?!?!?! Which one will prevail?
There is a strong possibility that H1 loses this battle and price will go down towards the H4 LTL.
I really want to be here when it breaks...
Tell me your thoughts.Ignored