5 min down channel worked like swiss watch
Re: EurUsd short term 15 replies
NFP nice bump up on EURUSD 2 replies
DislikedMy thoughts aubout the EU...
Price is at 1.2922 at the moment and all the Supply levels above this price point have been tested several times. The Demand levels have also been tested, however we do have a demand level at 1.2650 that is Fresh and untested.
So we can expect buy orders there.
However, at this price point we can expect either a break up and if it does break up, price could easily go up to the beginning of the compression around 1.3086, or it could break down and if it does so than the next (unfresh) demand level would be at...Ignored
DislikedYes, 1.2880 is a minor demand level on the 1h , however it has been tested several times already. The buy orders might have been consumed yet.
We'll know if it's the case when price will get back to the level.Ignored
are we in a diagonal range or horizantal range?Ignored
Dislikedif 1 & 4 hr down channels does not work & 2880 does not support then I am in troubleIgnored
DislikedIf you wanna to have a black/white answer, I'll say that we are trading in what you guys would call a range since september 24th.
This type of box is created by the Big Money to build some positions.
Within the box you'll see liquidity hunts and what is known as 'false breakout' .
This is done to simply get retail traders in the market, to take stops out and to use this liquidity to get big money new orders filled....Ignored