DislikedEUR/USD may be coming around for a setup.
If we look at the Daily chart we can see a nice rhythm in the uptrend.Ignored
I use Alpari and here is my chart. The previous 4H candle is a hammer.Ignored
DislikedRastaman, the FR tool is built into MT4, but not as an indicator. So I do not know how to post it. For my part, I changed the levels in the FR tool window so that not only are the levels within the retrace shown, but extension levels are shown beyond both the top and bottom. This way, it really makes no difference whether it is drawn top to bottom or bottom to top.....everything is there, and so it can be used as an FE tool also.Ignored
Thanks for the alert. From reading a lot of your posts, I know you will not trade prematurely, but just be careful on this one. It could trade up 100 pips to the upper D1 trendline, but with UK bank holiday, price could just as easily slide 100+ pips down to the 50sma.
You guys know a lot more than I. Just something I saw.Ignored
Dislikedpassion fruit is very sweet ....Lets Price come to u don't rush ..follow PA .Ignored
DislikedVery wise advice, indeed. Always be aware of Bank Holidays, as diminished liquidity often diminishes the effectiveness of technical analysis (which assumes that a market is both freely traded and highly liquid).
Also, this week is, for most Americans, the last week before school starts (though some schools have already started), and it is a very popular vacation week. Price action may be susceptible to large, erratic, exaggerated moves, including break ups and break downs that fail to follow through (look at the Yen pairs right now - AJ, EJ, GJ,...Ignored
DislikedEUM15: Setup as I currently see it. Comments welcomed. And thank you, Sonic, for the "heads up".Ignored
DislikedWhile we are having a possible Long set up on GBP/USD in 15MTF...
See what is appearing in H4 TF...