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Slow & steady
Where can I learn more about Price Action like those in James16 charts? 9 replies
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DislikedHey Karl
Be careful on your gbp/chf. That is a very weakly formed pinbar. Notice the body of the bar closes bullish and is a big size. You want a much stronger close. Price also has the BRN of 1.5 just under us so there is a lot going against it. The easier way in my mind is waiting for price to get back under the BRN or even better if price closes above that channel and look for longs
Here was my view on nzd/jpy
http://www.forexfactory.com/showthre...37#post6161037
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MikeIgnored
DislikedWas just about to post about eurnzd. yeah watching the 1.55 area too. Its in a huge weekly triangle too.
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DislikedThe last 2 swing highs on divergence make it even better i think
It could be a significant drop this one.
Thanks mighty MikeIgnored
Dislikedi would definately wait for confirmation by a candlestick-setup; like the buob at the first touch of the support.
the last down-candles look very powerful.Ignored
DislikedHi everybody,
It looks like EURGBP is closing on PB. I shared some thoughts on the graph.
Could someone give his opinion on the way I draw the ascending TL : I have 2 and I don't know which one is valid.
Otherwise, with a break of the descending TL, this could be a trade ?
Thanks,Ignored
DislikedHi everybody,
It looks like EURGBP is closing on PB. I shared some thoughts on the graph.
Could someone give his opinion on the way I draw the ascending TL : I have 2 and I don't know which one is valid.
Otherwise, with a break of the descending TL, this could be a trade ?
Thanks,Ignored
DislikedI got a lot about this one in my inbox and just emailed the group
Here was my chart Frog
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MikeIgnored
DislikedHi Mike
I saw this too and did not like it at all. I would rather wait to see if price bounces off the trendline and candle closes below the big round number which would be a break out pull back and continuation. Price would have a clear path to fall.
Would do you think mike.
JohnIgnored