A 3rd Touch Confirmation, or A Break Through?
The Market has been playing with all of us this past week, such consolidated candlesticks and price Momentum madness, can it be time for a third touch to confirm the start of a good uptrend - or that 3rd touch could be the break through the down side?
We know that if the break to the parity zone is there in the coming days, then we'd be looking for some short term sells and then a major buy off our newly created support on the hourly timeframe. Although, daily analysis suggests that it must reach the parity zone before December.
Such confusion, we shall see if our thoughts or analysis is correct. My first idea that was posted helped me in scalping the market filled with constant sells and fewer buys. The bigger picture? Market going down long term - short term? I guess we'll have to wait and see.
Happy Trading Guys!
We know that if the break to the parity zone is there in the coming days, then we'd be looking for some short term sells and then a major buy off our newly created support on the hourly timeframe. Although, daily analysis suggests that it must reach the parity zone before December.
Such confusion, we shall see if our thoughts or analysis is correct. My first idea that was posted helped me in scalping the market filled with constant sells and fewer buys. The bigger picture? Market going down long term - short term? I guess we'll have to wait and see.
Happy Trading Guys!
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