Hi Titch
thanks for nice comments, great to help others and get appreciated for it, what life is all about.
I wanted to recap the comments I made earlier on this pair,
the price had originally broken the balance and the 50ma, but I was looking beyond that, for 2 reasons 1/ firstly price was approaching the daily pivot very strong resistence 2/ the trend is very much down
and so it has proved price bounced off the pivot back through the 50ma and is now retesting the balance,
To me if price was to break the balance down, I would be more inclined to enter a/ with the trend and b/ down to retest the recent lows 1.5913
please correct me if wrong
respect to all
Tom
P.s Also the bounce candle was a beovb, nice reverse signal
thanks for nice comments, great to help others and get appreciated for it, what life is all about.
I wanted to recap the comments I made earlier on this pair,
the price had originally broken the balance and the 50ma, but I was looking beyond that, for 2 reasons 1/ firstly price was approaching the daily pivot very strong resistence 2/ the trend is very much down
and so it has proved price bounced off the pivot back through the 50ma and is now retesting the balance,
To me if price was to break the balance down, I would be more inclined to enter a/ with the trend and b/ down to retest the recent lows 1.5913
please correct me if wrong
respect to all
Tom
P.s Also the bounce candle was a beovb, nice reverse signal