Entered Buy @ 1.3403 - risky - but it seems to be holding for now. Trading a retrace in the previous move down
Mental stop @ 1.3480
TP - will grab what I can get - if any
Entered Buy @ 1.3403 - risky - but it seems to be holding for now. Trading a retrace in the previous move down
Mental stop @ 1.3480
TP - will grab what I can get - if any
Hmmm..decision time. In my opinion, price hates support and resistance. Price will briefly touch these levels and bounce back. If it hangs around the area, it normally wants to go through.... Also it did. Now at my plogical stop. What do I do? Give her 10 pips or so - then bond.
So - I'm wrong here at this point. I'm accepting the defeat. Finished for the day.
See Monday
Goo day to you,
Hope you're doing well.
Was away for the past 2 days - hardly any time spent studying the charts. I placed a few buy limits before I left, and they were triggered. So I'm in long....
Considering potential pattern formations, we currently have a potential bullish ABCD pattern formation on the 4hr chart. With Elliot wave theory, the potential wave indiion, if the ABCD pattern perform - would have us heading back to some minimum 1.5760 and max 1.6030 -
My BE number for my open positions, is at 1.5469.
We also have a nesting of the 4hr cycle onto a Daily cycle underside forming - this may take a while and could go lower still, however a fantastic reversal possible in the not too distant future.
It will be interesting to see if I got this right and gain some pips with this attempt during next week
Wish you a fantastic weekend
Regards
Good day to you,
Leaving longs as is. Daily chart with IB (also possible concealed pin( hardly any value)) - can visit the upside tomorrow. Will see. Will upgrade in approximately 8 hrs. Currently up 170
Have a good day
Regards
Price movement too level. I am closing now at 1.3689. Will attempt again at a later stage....
Small profit - so I guess not too bad.