DislikedJust a clarification for me, but do FO and LO stand for Frankfurt Open and London Open?
ThanksIgnored
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DislikedJust a clarification for me, but do FO and LO stand for Frankfurt Open and London Open?
ThanksIgnored
Disliked4hr tl comes in at 6750ish. Hourly has fibs, y's high, W M3 and R1 at 6625 area, another M4 50% fib confluence at 6655. Some tough areas to crack if we are to get to that 4 hr tl.Ignored
DislikedHi V - seems that you're a longer TF trader than before - or is it just the charts that you're posting?
I'm hoping that the 6650 / MR2 / 50% fib turn this move south for a least a Higher Low.
I had a limit waiting yesterday for a fakeout down to the 6500 level but it moved north without me.....http://cdn.forexfactory.com/images/icons/icon8.gifIgnored
DislikedOK - so both € and Swissy have hit and turned back from their respective DPs and cable has stalled at its R2 level of 6680 - cable's also short term over bought, so I've taken a small sell with a tight stop looking for a retrace towards the 5m 30 ema / R1 level / yesterday's high of 6625Ignored
DislikedI thought you might have, one of those price only goes a few pips higher and fails trades Nice trade.Ignored
DislikedOK - so both € and Swissy have hit and turned back from their respective DPs and cable has stalled at its R2 level of 6680 - cable's also short term over bought, so I've taken a small sell with a tight stop looking for a retrace towards the 5m 30 ema / R1 level / yesterday's high of 6625Ignored
DislikedIF my VSA analysis is correct, there was plenty of profit taking / selling around the R2 level, so IF € and Swissy faile to break their DPs I'd expect cable to have a larger pull back.....TWTIgnored
DislikedR2 and the 62% fib, as I expect a little more fight between bulls/bears and maybe some sideways yawn I don't want to get suckered into a rubbish trade so I'm outta here for a while.
Good luck trading!!Ignored