Price has hit the trendline at the 50% retrace from last high. This was possibly the 4th wave up with the 5th wave down to come
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DislikedOne can't use everything for trading because of time limitations. So it is important to use what gives most edge and still allows to do qualitative analysis. ATM I don't use anything but price .. however this is 2nd time in short time, when my desired entry price doesn't get reached and trendline works as support/resistance.
Do you guys think these turning points could have something to do with trendlines? or it is just a coincidence.Ignored
DislikedGMT+2
4:30pm EUR ECB President Draghi Speaks
6:30pm USD FOMC Member George Speaks
9:00pm USD Federal Budget BalanceIgnored
Dislikedthis kind of move become standart this week.
a fast up move then leak down slowlyIgnored
DislikedGMT+2
4:30pm EUR ECB President Draghi Speaks
6:30pm USD FOMC Member George Speaks
9:00pm USD Federal Budget BalanceIgnored
DislikedDraghi speech is moved ? in the morning when i looked it was @ 5.30PM imoIgnored