also on uj but just below rn some one please let me know if I'm on right track here?
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Hey Orid,
I see both of those setups. They seem technically to be valid, although they don't seem to be very clean scalps. The EJ setup is trading into consolidation (there isn't any sort of strong trend present), and UJ is around some 4hr resistance. That's just my take though. They are possible trades strictly speaking (I think).
{quote} Hey Orid, I see both of those setups. They seem technically to be valid, although they don't seem to be very clean scalps. The EJ setup is trading into consolidation (there isn't any sort of strong trend present), and UJ is around some 4hr resistance. That's just my take though. They are possible trades strictly speaking (I think). Best, EG
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Thankyou Electro,, yep they are not the best but as long as I'm on track what to look for gotta wait for those creamy ones patience
How long do you guys wait if the trade stalls as the au us one is at mo ( weak setup) I think
Regards Peter
Hi rifid, some question if you don't mind. Is this kind of thing that you mean 'pinny' candles? {image} If yes, then this is not a good setup? Thank you.
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If you want to know what i by 'pinny' look at that G/J 'setup' no good.
{quote} Nice. I'm watching a similar setup on GU. My hunch is that if that if sellers break the 5 min support, the gap will be filled. Should be a quick scalp if it happens.
Looking at the AJ @ 95.58, good for a 4:1, support @ 95.397, or the CJ @ 93.712 but only for a scalp, support is 8 pips lower. Of course nothing formed there so far but overall shape might look good.
Looking at the AJ @ 95.58, good for a 4:1, support @ 95.397, or the CJ @ 93.712 but only for a scalp, support is 8 pips lower. Of course nothing formed there so far but overall shape might look good.
Ignored
I'm watching AJ too. CJ the 2nd point is higher, so not valid.
should have stayed in, oh well
