DislikedCHFJPY [D1 Chart] On my watchlist {image} Look at the yellow circle on the chart. This is an example where being late to the party may translate into a smaller DD. Look left to the previous Quad Pattern. Based on the technicals we will be looking for a short setup...right? Fundamentally is this a good idea? Masterrmind............Ignored
Take note that the current Quad Pattern is setting up for a long after the previous Quad pattern was for a short.
But we "perhaps" have a bias to the downside.
At what level would a great entry occur?
Is it likely that price will hit this target?
Entry usually occurs after the close of the 4th candle ... so when does this occur?
What day will it end on ?
Do I like opening D1 positions on a Friday?
What about other traders?
ps. answers to follow after a few minutes unless someone has ago at answering them ... not difficult.
Masterrmind............
Master your Mind then Master your Trades