Hi All,
According to H4 EU, it has broken the lowest point of Price Low sometime back(red line). if we zoom in to 15M, the dragon is always chasing over the PA.
During this period, is it true that its not a good time to trade untill we see a 'balance' again?
1) If we short now, will it be considered chasing the downward price, which is not reccomended?
2) If we draw a wave anaysis of H4, it looks like gg downwards but zomming back to 15min, there is no setup of Sonic R.
Just want to know during this time of period of bearish of E/U what do you all do? As not to miss out on the downward selling. http://www.forexfactory.com/images/icons/icon7.gif
Regards,
Evil
According to H4 EU, it has broken the lowest point of Price Low sometime back(red line). if we zoom in to 15M, the dragon is always chasing over the PA.
During this period, is it true that its not a good time to trade untill we see a 'balance' again?
1) If we short now, will it be considered chasing the downward price, which is not reccomended?
2) If we draw a wave anaysis of H4, it looks like gg downwards but zomming back to 15min, there is no setup of Sonic R.
Just want to know during this time of period of bearish of E/U what do you all do? As not to miss out on the downward selling. http://www.forexfactory.com/images/icons/icon7.gif
Regards,
Evil