Dislikedwell, just saying, we only have two more days to go before the weekend. Since I like price to move slowly to that area, I would not like if price reaches it in the next few days, too fast PA.
So, under normal circumstances it should move up to that level next week to qualify as a tradable opportunity for me, otherwise too fast PA.
Don't you think so?Ignored
I might be able to tolerate it if it takes two H4 candles to go from 1.4950 to 1.5000 or two h4 candles to go from 1.5000 to 1.5050. For a cross like EUR/AUD, taking two h4 candles to cross 50 pips will indicate weakening momentum, especially, after battling the first level of resistance at 38% fib at 1.4950.
DislikedYes, me too.. most of the time when PA is too fast, it will break that S&R level. I dont like what happend now, PA is too fast..maybe need 1 more candle to get there. If it break that level, i think next resistance area is @ 1.5050.Ignored