DislikedPeaches,I short UJ ,USDCHF too greens pips for ushttp://i272.photobucket.com/albums/j...emotion-64.gif
It is very good signal to short intraday but not good for longtime.
I have just take profits
Scalping.............Ignored
I`am unsure for longterm...BUT lets use imagination, only imagine 4 hour candle, daily candle, weekly candle. We will not trade this, until we have confirmation, BUT use imagination.
4 h: candle closes in ~70 min for my broker. We see a hanging man, and currently candle a bearish candle. IF this closes as a bearish candle, there is hope, for another 4 hour bearish candle. Even sideways would be enough to form a daily bearish candle.
daily candle: IF we have a bearish daily candle, we might see a 3 bearish crow pattern, meaning tommorrow will be bearish.
weekly: so what happens to the weekly, if tommorrow will be bearish.
I doubt that the bulls have so much power to avoid a bearish engulfing at the weekly.
BUt there is very much IF and MIGHT.
Only trade, what YOUR charts are telling you