DislikedIm long 146.15, price bounced off 1 hr gann and 15 min 50 ema.
As pointed out by lilmoe.Ignored
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DislikedIm long 146.15, price bounced off 1 hr gann and 15 min 50 ema.
As pointed out by lilmoe.Ignored
DislikedI wont go long until approx 144.66. .....confluence of the 50 fib, 30min 50ema, and TLIgnored
Dislikedfor everyone screaming long this and go long that, you need to look at the bigger picture IMO...
it has run about 1000 pips from it's low and it hasn't broken it's previous high yet. No reason to scream bull... Dow closed at 8443, no reason to scream bull yet.
G/J bounced off a trendline that you can clearly draw on the H4 chart and that TL had a confluence with the Weekly R1 line. It should've been an easy short and I plan on holding my short until it hits the lower TL that it has made from this bottom which is currently at about 143.
Until...Ignored
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Dislikedok, when you have a TOP, or LOW, and you are in "retracement" mode,
just wait for the first pullback [usualy 0382 fibo, or next S/R level] and then project your Fibonacci Expansion.
I our case:
Top 147.971
Low 146.28
Pulback 146.814
for me the only levels works are FE 0.61 FE 1.00 and FE 1.618, the price plays always between. However this is a 1080Tick chart, (very close to 5min) you can also do the same with higher TF and do the same.
Another way is to do the same with 15 min and then run on 5min or 1min chart.. works as wellIgnored
DislikedLooks like the retracement doesn't have much fuel.. it is in a very bullish mode... hmm..Ignored
Dislikedno way.. we need a decent retrace before we go UP again..
at least DPP or 50 ema on 1H.. but i have to say:
we are not in NORMAL MARKET CONDITIONS.. so expect anything.. lolIgnored
Dislikedi have buy orders at 145.42 and 145.22
i hope to see longs in play when i get out of bed at euro openIgnored