The aquamarine triangle is the where I can see EU will find its resistance area.
PM/e-mail me for questions/comments.
HAVE A LOOK AND MAKE YOUR OWN THOUGHT
PM/e-mail me for questions/comments.
HAVE A LOOK AND MAKE YOUR OWN THOUGHT
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DislikedAli, its possible but I think big players want to sell it higher. So they might break some resistance levels to change traders mindsetIgnored
DislikedTake care with the H&S. First they are very rare. Second we need a full candle under the neckline to confirm it. Often we make confusion between reality and anticipation and I'm the first in this case.Ignored
DislikedVery interesting perspective...I respect it to the fullest. As all opinions you can be wrong or right..no one knows the future.
.....
As for the news...its all manufactured bs if you ask me. Good example was the jobs data a few weeks ago. For that particular week estimates were for 520k jobs lost max putting unemployment overall at 9.2%. It was reported that 360k jobs were lost but unemployment was 9.4%...higher then if there was 520k jobs lost. It doesn't take a genius to figure out whats wrong with this picture.
Just my 2 cents..its all...Ignored
DislikedHmmm, now where should I go long or should I wait. R1 not yet reached today.
Momentum shown for a bit of fun, and for whomever wishes to incorporate into their trading.Ignored
DislikedAli, its possible but I think big players want to sell it higher. So they might break some resistance levels to change traders mindsetIgnored
Dislikedif you ask me ,I'm waiting,for me it's too risky to take any position as OBV is insisting (5mn) downward trend,so ....Ignored
DislikedGood point. Let me share a story. I was trading in lower time frames during Asian session on GBP. I took a short at the wrong time but thought I'd see price retrace to my area so I could at least break even. There was some increase in volume and it reall picked up the other way. My sl got hit and it took me out. I investigated it like a crime scene to determine all my mistakes-there were a FEW. Including the template I was using, anyway-my point is I am now looking at higher timeframes-1hr to 4hr so that I can plan properly and not take hasty trades....Ignored
Dislikedwhen you trade on any timeframe, you have to draw the broadlines of the higher timeframe, so you don't get mislead.
if you trade 5m, draw 1Hr, 4HR lines on the same chart then reduce timeframe,
i keep 3 charts infront of me 5m 1HR/4HR & 1D, whenever it ticks on one, i try hard to confirm with the otherIgnored