DislikedNot that surprising Pinbar . .your Weekly chart shows mutlple Weekly Closes Above that level. . .Yes indeed, it has a nice history . .Ignored
Hence the consolidation box and TL.
Where can I learn more about Price Action like those in James16 charts? 9 replies
DislikedNot that surprising Pinbar . .your Weekly chart shows mutlple Weekly Closes Above that level. . .Yes indeed, it has a nice history . .Ignored
DislikedNice one Jim!
I was watching this in real time.
Could this be one of those reversibles?
That H1 TF BUEOB, of the top of the consolidation area, was awesome.Ignored
DislikedBam!! . .how's that for real time . .
Chanya . .we can see that Price is breaking through our targets we now place our S/L under our targets . . .We can take use full or partial postions.
You got to love that small draw down . .at the 1.0086.
The 1.0100 was also a valid entry but at a premium Price.
Initiall S/L could have been placed 25-30 pips below the 1.0086 entry. . .same S/L placement for the 1.0100 entry.Ignored
DislikedHi AmareX
I think you've got it right. EA is trading @ strong weekly resistance and this TL breakout&retest might add some fuel to further move down. I was offering it at the shoulder area but D1 close below the 1.277 might be good enough to enter short. Time will tellIgnored
DislikedThis trade looks enticing. It has room to go to at least 0.9530 when it breaks 0.9600. Can place a tight 30 pips stop just above today's high so far at 0.9615. Price is currently dancing at the 23.6 fib drawn from the recent up move. 0.9500 is my second target where 38.2 fib is located.
TP at 50 pips away - 0.9530
Attachment
The only worry is the consolidation box to the left. But I feel the bearish move has not be exhausted yet. Given the BEOB at the high and divergence.Ignored
DislikedThanks Greenhaze, I am also waiting for further confirmation, as its back to the previous ranging zone. A daily close below that area sounds greatIgnored
DislikedYep, but unfortunately I missed the entry short on the 0,9315 yesterday level by a few pips. Oh well, there is still the GBPCHF from the weekly 1,4880 level which I didn't miss. Thank you again, you, James and Mike showed us the way...Ignored
DislikedWe may get another shot at it, chidsel . . at the .9271 on the CadChf.
Some lower TF PA and/or Signatures will be our guide . .Ignored
DislikedJarroo
As this is a monthly level we are looking at, would you consider these monthly lows and close as the targets?
Thanks JimIgnored
DislikedI am also watching this one, Great potential !
I am in an EurCad short so I am gonna pass this one.Ignored
DislikedSorry, that was meant to read, "Would not be surprised to see it break long".
Hence the consolidation box and TL.Ignored
DislikedIts not the cleanest of levels . .meaning, not trading into the most openness of Space . .in consolidation. .but I like the level . .Ignored
DislikedJarroo
As this is a monthly level we are looking at, would you consider these monthly lows and close as the targets?
Thanks JimIgnored
DislikedMy only concern is that PBT&CA the Weekly HCR level(s) . .(damn gaps) . ..9573/.9550 on the Weekly. Could be going up from here . .Ignored
DislikedI'm saving those images on for my learning on touch trades!
So the stop loss just below 1.0086? (but how many pips below?)
And your first target would probably be 1.0099?Ignored