M candles / Custom candles for second charts 1 reply
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DislikedHello my friends, it's me again. I'd like to thank you for welcoming. I have here USD/CHF pair for today. I'm feeling a bit sad about my last EUR/USD analysis where I had some problems with Alpari that time and I couldn't trade it. I hope to this one will be succesfull too. Is there everything correctly and could I go to sell with sellers this week or is there on the market too much good sentiment for USD?
1-W) Weekly candle closed below the Monthly resistance. Do you think I should wait on Monday for confirmination D1 candle?
2-D) WPG-uptrend....Ignored
Dislikedthanks all you guys! i have learned much from the thread, and i love the trading style very much. i read all the posts, that spent me lots of time because of bad english, but its worth. so i make a post keep the thread goes on, if i have nice charts i will share certainly.Ignored
Weekly chart (Attachment 2)
WPD
This chart brings a lot of better details about this market.
We are in a bullish channel strong enough to have pierced through the blue RM right before it.
Price wants to get to the upper trend line delimiting the triangle (see green arrow) but it path is far from certain.
Therefore, we need price to confirm its true intentions before jumping on the buyers bandwagon. Such confirmation would be a break out above BRN 1.05, then a dip / retracement back to the same BRN to turn it into support.
If price won't provide such confirmation it will be very unsafe to enter a trade.
Daily chart (Attachment 3)
WPG
Depending on whether price will break BRN 1.05 or not, we may see it (hopefully) retracing back on top of it (I have plotted some arrows to show it) or be pushed down by the channel resistance in confluence with the BRN 1.05 and then try to break the BRN again later.
Another scenario I have not drawn involves price ranging while below the BRN and gaining momentum.
QuoteDislikedmy first chart, please comment
QuoteDislikedTherefore, we need price to confirm its true intentions before jumping on the buyers bandwagon.
DislikedThank you dfumagalli, similar picture in AUDJPY, daily line @ approx. 82.49.
Waiting.....
Michael
Edit : I see the pic is too dark, will try to edit or post like fxgroup´s charts.Ignored
DislikedThanks fxgroup & dfumagalli for the quick reply. I am using Jing/Techsmith, which has png files, usually it works fine.Ignored