could work.. so far so good, although I got in a little bit late, 2-3 pips...
Live it or leave it!
Fozzy Chat Room 7 replies
Dislikedcould work.. so far so good, although I got in a little bit late, 2-3 pips...Ignored
Dislikedtyoon i hope im not bothering you with this euro discussion.
im trying to understand what price has in mind.
its hard for me to take a short from this level since for me we are still in demand till its broken.
now spotting all this candles with wicks im wondering if they are indicating sellers pressure that will lead for this demand zone to break or are they consuming supply therfor once price find the buyers the path up is clear?
i know there is no answer besides watching price but would like any comments on my thought process.
am i someway reading...Ignored
DislikedNo bother at all. Discussion is only a good thing.
As for the CP and pressure.. I really could not tell at the time.
..Ignored
DislikedAnyone watching the Aussie H4? Aside from this being a complete chop zone... it seems like 1.0062 is protected all out. It's currently working on the 7th bar rejection. Oi. Let her go one way or the other... I hate these standoff's.Ignored
DislikedAhaha. Every single dip is being bought with vengeance. I'm starting to lean towards this being supply consumption'ish. Man Oh man... this thing is just relentless. Still feels like it's not going anywhere.Ignored
Dislikedhere are my aud charts and my thoughts.
basically the Q is are those lower wicks represent compression or buying pressure?
there is a valid reason to assume its buying pressure since each visit in the zone is deeper than the previous one and each drop is weaker than the one before,forming HL.
BUT i would like to see more decisive breakout (especially since its hovering around BRN 1.0000) to take a long.
u cant rule out the possibility that price might compressing up to find sellers and than drop price sharply down to the untested demand.(sharply...Ignored
Dislikedi didnt see ur post before my above one.
happy to see we think the same.
i did take the short tho as sl was not too big.Ignored