Dislikedthe only problem i see is with the size of this pinbar (could have being much longer), can u guys see any other thing wrong.....
just wanted to have others opinion
I will be watching from the sidelines on this one because I am still trying to stick to daily time frames and higher until I reach the next level.
Looking at the EUR/USD chart, I have a feeling that price is about to drop.
I am curious to see what others have to say.Ignored
DislikedWhat sticks out to me on this potential trade is when it formed... the last 8 hours of the week... less volume/liquidity...
Another aspect to consider when we all start intraday trading.
Edit: I should note that I'm long a small position on this yet (from 1.3050)...Ignored
Just some thoughts on the 8 Hour PB on the Euro.
Swing high, off a strong PPZ (133.00) 50% fib . . what's not to love about this setup? Your right . . . the size could be bigger.
But it's worth an entry to me, if it breaks. Also, Price maybe consolidating again as it did a few weeks ago (blue area).
Josh: I'm also in that Daily BUOB (1.3050) and here is what I mean about lower time frame PA fullfilling itself and not necessarily an indication to get out of your trade (if its a long term trade).
* Price may not break the 8 hour PB, so lets keep riding.
* Price breaks the 8 hour PB and "fullfills itself" at the green area and/or the 1.3125ish (PPZ) and then continues upward.
Indicators show the past. Price Action "Indicates" the future.