Hi Guys
Anybody looking at this 4 hour pin bar (Closed at 20h00 GMT).
Good
1. The formation looks good on this feed
2. Off a round number 11600
3. PPZ - going back to Nov/Dec 2008
4. With trend
Not so Good?
1. Space?
2. Some indecision on Weekly with last week being an inside bar.
3. Fib Confluence - need some help here
Where would the fibs be drawn? I prefer drawing the fibs on the Daily chart but not quite sure which high/lows to use and i don't want to make the fib fit the price action.
Any comments from you guys.
Anybody looking at this 4 hour pin bar (Closed at 20h00 GMT).
Good
1. The formation looks good on this feed
2. Off a round number 11600
3. PPZ - going back to Nov/Dec 2008
4. With trend
Not so Good?
1. Space?
2. Some indecision on Weekly with last week being an inside bar.
3. Fib Confluence - need some help here
Where would the fibs be drawn? I prefer drawing the fibs on the Daily chart but not quite sure which high/lows to use and i don't want to make the fib fit the price action.
Any comments from you guys.