DislikedI had a pending short order at 97.15 last week, fortunately, it was expired yesterday before the rally up. I am thinking about to place another short order at 98.45 with s/l at 99.05. I drew the line connect the daily chart high and it seems 98.45 is on the trend line now, also I can see 98.45 is EMA365 on the 4H chart, which gives me the idea to try short there.Ignored
i have been watching the main lower tl from mid jan this year (someone obs'd earlier that it couldn't be a double bottom because the two lows weren't equal - that's because it was bouncing off a rising tl!) which has many confirmations in higher members of that system. it appears to be breaking the 2nd tl in the main system right now.
anyway, question: what TF's do you find produce the best tl fits with .uj? (i've found that for .eu, the lowest TF's unquestionably give the best tl fits and have for a long time)