Disliked{quote} Brilliant, awesome, standing ovation required. 1:Is this an example of what you are trying to teach us? 2:The weekly, could be some bounce off the 89/200 before continuing down. 3: H4, showing us a bearish head and shoulder 4:a RB and a possible return to the 21 and then the 89. Little brother following big brother.... {image} {image}Ignored
NZDUSD:
1:This is an example of what I understand from the strategy, a view from another point of observation. Another way of saying the same thing (or I try to!)- Just putting imaginary in there!
2: the weekly is far away from the 89 now, some 220 pips, unless you are talking of some other pair. But for the NZDUSD weekly is on the process of making the pull back to the 21ema before going away down, if the pair chose that path.- nothing to worry about.
But you should already see and feel the weight from the weekly chart applied to the 4hrs chart. If that pair, on the weekly, makes a move up or so without closing above the 21 ema, then the next step to watch is the “move away” down. But again, just see, by the rules, the ending. It would probably reached the targets points established by the strategy.
3: you are probably talking about .8836 being the Head.
4: a RB… yes, but don’t expect a big return, the pair, on the 4hrs chart just respecting the rules by wanting to get back to the 21ema from below then the move away down should be next…still if the pair want to go that way. Don’t forget that the pair goes where it wants to go. We, traders, need to find a way to “anticipate” what should be coming: thanks to Phillip Nel for his strategy.
I just saw your chart: you are talking about the EURUSD: sorry about that!
My view is that the target has been reached, or very close to it. We could see a pull back, as you mentioned to the 21ema, and then maybe later reaching 1.2400! Yes! This is far away from now, but could get there!
The idea behind seeing the history is to get a perspective of what should happen in the future, just that! So, when I see a RT, well I know it could reach back the 21ema. But knowing the possible anticipation, I am more confident while applying the rules and pull the trigger. Just that!
Yvon