Bull City Baby! Buying Opportunities

Quoting thegmann

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{quote} ?

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Quoting benaiah

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{quote} Okay, the point is, we both agree there is uncertainty here, right? Currently the M5 is a bull flag. That is not bearish. There is no rejection in my opinion until we see which way the bull flag will break. I already acknowledged that it was forming under resistance. Anyway, no problem. Thanks for posting your opinion and chart. I could just tell that we are not on the same page. And that is okay.

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Quoting thegmann

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{quote} All I did was share my opinion and say that I personally wouldn't take any long positions here yet and that i'd wait a bit more. Seems like we still have bit more down to go. I don't know why you responded the way you did? Whatever...

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Quoting benaiah

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{quote} And so we just let you post your opinion and we can't respond? Common Mr. Gmann lighten up a little I didn't agree with everything you posted. I agree with some of it. I'm not sure why that's a problem.

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Quoting thegmann

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{quote} There is no problem? I was just posting a possible view/opinion. I read your post and was just posting an explanation of what I see? Didn't get the reason for the whole "split hairs" thing didn't really get why you said that?

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Quoting benaiah

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{quote} No problem here either. Just didn't think it was worth it to go back and forth on our differences of opinion, when in fact we probably agree enough to make the safest trading decision right now and that is - wait. But sorry if I just confused matters. However, as we are talking about this, price is still looking poised to break through resistance. My opinion remains the same. Price looks bullish, but just needs to solidify the reversal formation. Could always break down, but I don't see that right now. I see the start of a reversal pattern......

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Quoting thegmann

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{quote} Ah ok, yeah sitting it out like you as of now. I was just trying to warn anyone of putting in a possible long before as it wasn't necessarily a super bullish move yet. Gotta wait and see as I said if we close above 118.4 should bring back some bullish confidence but anything below 118 would again show bears in control.

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Quoting benaiah

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{quote} You mean an H1 close above 118.4? For me, I'd probably be looking for something a little different, but a close above 118.4 would definitely be good for bulls

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Quoting thegmann

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{quote} Id like a close above 118.5-118.6 on the H1. On a smaller 15m or 5m time frame looking for break/close above 118.4 to show bulls starting to buy again then wait for that hour close above 118.5.

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Quoting benaiah

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{quote} Very safe and conservative. I have 2 possible approaches. I'll post in a few minutes...

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Quoting benaiah

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Okay, I'm calling the reversal right now. But this is the medium risk reversal entry point. I already noted the high risk in the above post that already appeared in M5/M15 chart, now we are at medium risk on H1 chart. I would enter right now with SL at 117.807 or 117.633, or 117.413, depending on your risk preference. The lower risk would be to wait (similar to theGmann's post). I would like to see either a m15, m30, or better yet and H1 rejection of 118.26.

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Quoting benaiah

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Well, bulls tried to break out, but price fell back into consolidation. Will have to wait and see if bulls can try again, and force this reversal

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Quoting Jettala

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{quote} Brother i appriciate your confidence and strong muscles and will like to say be calm and cool it will go down to about 116.70 and will bostup to 123. some thing ..only wait for today hope it will reached at this down level today and tomorrow or may be next week we should go for long .. i am also waiting a solid support level like you... we will be able to fulfil our desires soon..Good Luck brother and till then try to play short if u like ...

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