Dislikedam I the only one in the forum seeing a DOUBLE TOP on EURUSD.. at 1.60 ?? weekly charts
Just curious.Ignored
Cheers.
JP.
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Dislikedam I the only one in the forum seeing a DOUBLE TOP on EURUSD.. at 1.60 ?? weekly charts
Just curious.Ignored
DislikedHey clouds,
Price did not have a close below support. Even if it did, it would not mean much. Supports and resistances should not be adressed as round numbers. Even if price closes above or below such level, doesn't really mean a valid break. Thus the chart below.
I see support @ 136.63, not 139.03...
A very strong ascending channel. Price bounce of that channel today and is probably going up.
Cheers and happy trading.
My best to you.
JP.Ignored
DislikedJupiter, wich broker you trading august crude oil ?
My broker said it will be only available in july 18th.... !?!?! :S
ThanksIgnored
DislikedSince there's no one posting...
Lets have FUN.
What would be your approach for the chart below!?!??!
...since many traders observe that price can move 'sideways'???
Cheers and happy trading to all!!
Great example of 'sideways' price...
JP.
Ignored
DislikedI am just not sure if, due to te distance it could be valid double tops. In oter words, I could not tell if it will indeed reverse totally.
Cheers.
JP.Ignored
Dislikedyes... But I consider the Price action at this level... seems like a high resistance level... and we have a pin daily bar... I'm not long for now...Ignored
Dislikedam I the only one in the forum seeing a DOUBLE TOP on EURUSD.. at 1.60 ?? weekly charts
Just curious.Ignored
DislikedEU is toppish to me...
retractment,,,xpected!!
http://www.forexfactory.com/attachme...1&d=1216126113
sonicIgnored
Dislikedsonic, may i know what indicator you are using for red and blue dot??Ignored
DislikedIf you look into higher TFs, monthly for example, you should see somethig like an asc. channel. However, price touched the UTL of that channel lately.
So I guess we sould be looking for a retracement down towards the LTL in the long run
On daily (intra-day), price is temporarily stuck in between support @1.5871 and res. @1.5987.
Also, we are inside an asc. channel, wedge.
So we could possibly see price going to and from these S/Rs and once it bounces from the LTL of the asc. channel, it should go back up considerably.
Possible profits inside this range... alias, very safe trades inside this range... not too many pips/trade, one can make a lot of pips from many trades.
I hope this makes sense to you.
Beter have a look at the charts...
Cheers.Ignored