Hi,
Just noticed that the downtrend from H1/H2 stopped at the Smooth of the Daily (Support)
On the 1Hr, White has crossed purple, so to me that means the 1Hr is in consolidation and it looks now that also smooth will cross purple.
On the 2Hr it looks like white will cross purple, but its not confirmed.
Questions I have is,
Was the smooth on the daily an entry point, when you have the H1 and H2 in a downtrend?
Also it looks to me that we need to wait for the parabolic flip on the H1 (happened just after writing this post) and later on H2 to look for long entries.
But it looks it is alo possible that the market will bounce of the parabolic on the H2.
So to me opposite signals and time to let te market decide which way we go.
Edit: On the 1 and 2 Hr market is above ROMAR, so probaly need to look for an long entry. But market will decide.....
I hope i'm a bit on the right track.
Thnx.
Just noticed that the downtrend from H1/H2 stopped at the Smooth of the Daily (Support)
On the 1Hr, White has crossed purple, so to me that means the 1Hr is in consolidation and it looks now that also smooth will cross purple.
On the 2Hr it looks like white will cross purple, but its not confirmed.
Questions I have is,
Was the smooth on the daily an entry point, when you have the H1 and H2 in a downtrend?
Also it looks to me that we need to wait for the parabolic flip on the H1 (happened just after writing this post) and later on H2 to look for long entries.
But it looks it is alo possible that the market will bounce of the parabolic on the H2.
So to me opposite signals and time to let te market decide which way we go.
Edit: On the 1 and 2 Hr market is above ROMAR, so probaly need to look for an long entry. But market will decide.....
I hope i'm a bit on the right track.
Thnx.