And up it goes : Long from 133.62 : SL . 132.30 , TP : 136.90
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***Dragon II*** 15 replies
DislikedIf that candle which has the arrow pointing up is engulfed.... Then main daily pivot here we come. Chooooooooooo Chooooooooooo and that is where I get off at. lol {image}Ignored
Dislikedhi raiders nzd sell is a good set up but it could be only a correction to the downside and I m looking at ,7164 and .7112 to end the correction or to give un upside move at leastIgnored
Disliked{quote} Maybe. I think that entire recent up move was nothing but an ABC correction of the larger daily downtrend. My reasoning is pretty simple. The down move was fast and impulsive the up move was choppy and slow. So, while it is true, we have been getting higher highs and higher lows, the highs are corrective. If we took the D timeframe and replaced it with say 30M or hourly im sure everyone would be saying the same thing. Anyways, my plan is not to ride it down the entire way with a full position. I plan on loading up at nice reject and holding...Ignored
DislikedSee how the bulls are in charge and fighting the drop! {image} That one candle proves the theory I mentioned before. If one looks back on any tf and looks for that same formation you always see the same results, although most times the BUYERS win with a run to the nearest pivot, the reality is you do see drops with the same formation but not only is it rare but it is always started off by one specific candle.Ignored
Disliked{quote} its not much of a breakout but technically even that small amount it appears visually to be a breakoutIgnored
Disliked{quote} Maybe. I think that entire recent up move was nothing but an ABC correction of the larger daily downtrend. My reasoning is pretty simple. The down move was fast and impulsive the up move was choppy and slow. So, while it is true, we have been getting higher highs and higher lows, the highs are corrective. If we took the D timeframe and replaced it with say 30M or hourly im sure everyone would be saying the same thing. Anyways, my plan is not to ride it down the entire way with a full position. I plan on loading up at nice reject and holding...Ignored
Disliked{quote} I have a question about your chart.... What made you connect the fibs (the last connection) the way you did? I ask you that because it perfectly has bounced off of the 50 fib, but of course that doesn't mean that it won't work its way back. Fib connections are super objective, but I think people don't connect them with some set of "rule" Look at your chart, I would say that once the last leg up was met with a red candle which engulfed the HIGH, then you connected the low of the move up with the high of the last green candle which was engulfed....Ignored