Saxon
I like to see a long/extended journey that PA had to go on to get to these levels. Since it's overextended and gernally a steep angle, only minimal resistance would been needed to send it in the other direction.
I like to think of it like a Marathon Runner. Think of Support/Resistance as being a physical push to the runner at various distances during the race. At the end of 3 miles, if you give that runner a physical push, chances are you are not going to knock him over, just piss them off. On the other hand, attempting to push them over at mile 20 will be pretty easy.They are still moving forward, however, they require much lest resistance to push over.
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awesome post
thankyou
GU seems to be doing this nicely with a 200 + pip move up the last couple of days.
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last chart for today
US dollar index has taken out daily lows at 78.38. the 3 weekly lows levels now come into play at 78.27 and 78.07. Also GU has just hit 1.5872 in the last 5 mins.
.............................................................................
shorted GU at 1.5874
I like to see a long/extended journey that PA had to go on to get to these levels. Since it's overextended and gernally a steep angle, only minimal resistance would been needed to send it in the other direction.
I like to think of it like a Marathon Runner. Think of Support/Resistance as being a physical push to the runner at various distances during the race. At the end of 3 miles, if you give that runner a physical push, chances are you are not going to knock him over, just piss them off. On the other hand, attempting to push them over at mile 20 will be pretty easy.They are still moving forward, however, they require much lest resistance to push over.
..............................................................................
awesome post
thankyou
GU seems to be doing this nicely with a 200 + pip move up the last couple of days.
..........................................................................
last chart for today
US dollar index has taken out daily lows at 78.38. the 3 weekly lows levels now come into play at 78.27 and 78.07. Also GU has just hit 1.5872 in the last 5 mins.
.............................................................................
shorted GU at 1.5874