we migth be starting a new cycle up move
when you give calls, what is your logic behind the particular call?
There are a lot of newbies here as mentioned to you before..please explain your call..so they know what you are basing your call on...
Imho this is a dud trade..which means
1. There is no basis ie fundamental,techincal or logical..( i am not having a go at you ,sorry if you feel so)
2.1.6104 is base support from sep 2nd and we clearly have seen a massive pull back from this level.
3. Instead of shorting on retracement at previous support which should be resistance...Ignored
Every time frame has trends within it. A 1 minute bar is made of tick or second data which most do not use. A 1 minute bar provides price waves to a 5 minute, the 5 minute to a 15 and so on.
Market news is used to manipulate the market. And in forex there is no insider trading rules. So if the smart money around the information of Dubai (as an example) accumulated a massive position in the currency of choice for such news..... the news comes out they unload it all to those chasing it. 10 days later being saved by a loan...Ignored