I use perpeptual chart, so it would not accurately depict the behavior.
But closing on Daily is worse than I thought. The descending channel could be annuled at this rate. Well, to be expected as my previous idea becus it lacked a dominant movement before entering the channel.
There is confirmation on 4h as well. Basically, my idea relies entirely on what I saw,...
1h interval
It is my personal idea. It was a long day of consolidation, to the point it was hard to find entry on 15m or 1h chart. On Daily and 4h, it seems like moving in a descending channel. However, it lacks a dominant moving period before entering the channel. So i don’t really expect a break in the future. After all, it was the market that stays true, not...
Well, we have a triangle here after all, so see is better than talk. We trade what we see. I am more to a down this time. Tho, i do daytrades so hardly matter to me much, but an idea.
Eur is still showing strength against usd. On daily chart, I couldnot find any resistance for the current uptrend but the weekly chart, target seems to be around fib 50% of monthly movement. Quite a strong move, Imma not dare to trade long term with this pair atm cus im a reversal trader. But one thing for sure, with the strength of eur atm, the EJ and the UJ will...
This pair has reached 50% retracement zone. Though we have a newborn uptrend but at this point I think we need a little pullback for a long run. RR 1:2.5 still not bad to give it a try. Daily movement already bounced back from KUMO resistance, so I expect price to come back to near previous peak. Gotta wait it there. After all we have an inside bar setup right at...
