Trade what you see NOT what you expect

Here's my weekly view. We still have not taken out the shooting star we were presented with at the start of last week. As well, you'll notice a blue trendline I have coming across which has not been taken out either. Until we get above last weeks high, I've still got a short bias on the weekly. The one problem I have with the shooting star is the prior candle to it was not a long full bodied candle. It was a dense candle instead. This last weekly candle, we started out short, but price was soon driven higher when we got below the shooting stars low. Now, on the top side, we did not make a new high. So, we have lower highs and lower lows. Another support for shorts. I do see sellers sitting at 1.69 and 1.732x area.

Now, for the long side, we did close last weeks candle with a full bullish candle, but we did not take out the prior weeks high though and again a lower low.. I can see buyers coming in this week around 1.62, 1579x and 1.536x. Notice that 1.536x also coincided with a diagonal trendline.

Here's my daily view. Our last daily close gave us a DBLHLC (Double High Lower Close) as compared to the prior daily candle. Now, we have to recognize that this candle was give to us on a Friday. This might have been created because of profit taking and nothing more. Again, we also have a double top appearance. Now, these are all supportive of a short movement. Should we get above the double top, we will see sellers around 1.699x and 1.734x. Shorts have a battle ahead, they will need to get through the green trendline and some buyers sitting around 1.608x, 1.596x and 1.578x.

Here's my h4 view. Again, I'm short biased. I've shown where I see support/resistance on the chart. 1.633x is a minor level in my eyes. The 50ema is more of value I can see the 150ema as a nice short target. I can see price testing the upper resistance area of 1.654x.

Thanks for your analysis ,, have a nice sunday evening...

Thanks Eo.

Nice touch, lets see how she plays out..

Not sure what's going on here, anyone else got this?

I damn nearly shat myself.

I have three options on the 4hr I am watching and am currently short from 64.22

Ken did you short EJ?

no was out to enter dinner with my sister.. Just got home. missed it.

Hope you guys are having a good time.

I entered off the 2nd touch of the 35. I was looking to short up the wick of the prior candle.

Hitting the 200 sma and a S/R area on the 1 hr. struggling.

Yes and I have a trend line in the 137.00 area. I have taken most of my soldiers off.

I took a short on GU at 6420 but it is being its typical slow self during Asia open.

15 and covered on EJ long.

Good entry .. I should have shorted E/J with a tight stop at open My plan saw it going lower.. Oh well. Trusting Thy self is somtimes hard to do.

Actually I missed the best entry off the 50 sma/ema.

Looks like 6400 has some support.

Good evening Infinity. I hope you have had a good weekend.

Do you have soldiers on the battlefield?

Took another soldier off EJ long at the 137.47.

just closed my E'J long near the 21..

mine was 46