Its test time 4 those waiting for a spot to go long from
Attached Image
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedNot particularly - but as its counter-trend anyway, i have my stop at BE quite quickly...Ignored
DislikedNot going to let it bite me just testin the waters,darn support is holding up atmIgnored
Dislikedclosed remaining half of my GJ long for 653pips. Its a very long daily candle, i feel it needs to breathe, so i expect a retracement to start here, asia may take us to 160though. But between here and 160/161 we have a lot of axe to grind. Based on my system all timeframes from 15mins to daily are overbought, i have seen dis happen over andd over again. Not comfortable with the long anymore. Now its back to the drawing board to construct a new tradeIgnored
DislikedLet me ask you a question are you going to loose this trade when the market does not know in what direction to go?Ignored
DislikedI pulled up the U/CAD daily on the big O (oanda) and notice that although price was in a hurry to get to the basement, there were some pullbacks and stalling in zones near these levels... 2200, 2000, 1500, 1100 and now around 0800. For all of the previous 00 levels, price broke through and went to the next. So this can beg the question ....one that I wonder about....when does old resistance become outdated?Ignored
Dislikedlittle TL hit, moved stop to BE, let's see where it wants to go, hopefully following the euroIgnored