also H4 candle chart EUR LFX for candlestick analysis
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- #8,803
- Jul 10, 2009 2:12am Jul 10, 2009 2:12am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
in the fact upper wick show us power of sellers(sell off)
Dear Hussin,
in this cat and mouse play, its very importend to know, who is the cat.
But hussin, you must say, that daily candlestick pattern only in these days are not working.
So we have seen yesterday a bullish engulfing candle for eur/usd. New traders to candlesticks would have gone long.
Of course I was gone short right at this 4 h candle you marked, because I was thinking of why there is a daily bullish engulfing candle.
I was thinking this candle was result of a major support hit, so there has to be a bullish bounce. So I looked out on 4 h chart, where this bounce ends.
And of course we will see very exciting weekly candles, for eur/usd showing selling pressure, plus usd/chf showing buying pressure.
Also notice weekly candle gbp/aud
- #8,807
- Jul 10, 2009 2:18am Jul 10, 2009 2:18am
- Joined Nov 2007 | Status: beginner | 7,828 Posts
2.93 is on table
- #8,809
- Jul 10, 2009 2:22am Jul 10, 2009 2:22am
- Joined May 2008 | Status: dynamic | 2,412 Posts
Invincibility lies in the defence, the possibility of victory in the attack
- #8,814
- Jul 10, 2009 2:32am Jul 10, 2009 2:32am
- Joined Nov 2007 | Status: beginner | 7,828 Posts
Dear Hussin,
in this cat and mouse play, its very importend to know, who is the cat.
But hussin, you must say, that daily candlestick pattern only in these days are not working.
So we have seen yesterday a bullish engulfing candle for eur/usd. New traders to candlesticks would have gone long.
Of course I was gone short right at this 4 h candle you marked, because I was thinking of why there is a daily bullish engulfing candle.
I was thinking this candle was result of a major support hit, so there has to be a bullish bounce. So I looked...
- #8,815
- Jul 10, 2009 2:33am Jul 10, 2009 2:33am
- Joined May 2008 | Status: dynamic | 2,412 Posts
Invincibility lies in the defence, the possibility of victory in the attack
- #8,818
- Jul 10, 2009 2:49am Jul 10, 2009 2:49am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
HI Peter i can say good bye 39 at this time
But we need patience for this trade, I will hold my short
trade during next week
- #8,819
- Jul 10, 2009 2:51am Jul 10, 2009 2:51am
- Joined Oct 2007 | Status: Trader | 3,461 Posts
on daily
This might be indication for future failed bullish engulfing...
But price does what it wants.
- #8,820
- Jul 10, 2009 4:15am Jul 10, 2009 4:15am
- | Joined Sep 2006 | Status: howard | 1,693 Posts
Regards