this little jump will keep shorts in question. Until we breech the next trend line...
around 4450 level..in 1 hour or more..
around 4450 level..in 1 hour or more..
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Dislikedthis little jump will keep shorts in question. Until we breech the next trend line...
around 4450 level..in 1 hour or more..Ignored
DislikedWe are now at the critical area.. If we close significantly below this old line, we are likely to see continuation of the downtrend, if not, the possibilities are great..Ignored
DislikedIll try to help Mark.
You must be aware that Support turns into Resistance and visa versa ,and these are the best place to mark.
I have marked up the same chart as you as I would do it ,because it is Low Time Frame there are loads but I hope it helps.
I never had enough arrows but .....Ignored
DislikedYea Sofia I am bullish on pound today,have a 4 hour closing in 44 min which might make me bearish.I am out the market on the H1 shooting star.But even if it fell 150 pips from here the daily would still give bullish pattern,but weekly would be bearishIgnored
DislikedYea Sofia I am bullish on pound today,have a 4 hour closing in 44 min which might make me bearish.I am out the market on the H1 shooting star.But even if it fell 150 pips from here the daily would still give bullish pattern,but weekly would be bearishIgnored
DislikedExciter...
take a look at the levels and strong resistence locations.
It becomes apparent to define obstacles when you look for shelves such as the one created on Feb 10th at 10:00.
this was the first rejected long and thus caused the drop down to 1.4150 level.
So..given this ...you can also see the climb back up to retest these levels..and realize the fib levels broken.
the 50% was reached..but the 61.8% would be too far a reach given the bearish stance of the pound.
Its not to say it can not turn upward still. it can! but not probable..and...Ignored
DislikedUpdate on my 1 hour....
You can clearly see when a Price Pivot is taken and there are buyers on up sellers on down the price is accelerated.Ignored