Intraday FX Player

Status
Not open for further replies.
Quote from CFerret:

Hourly is looking like a retracement in a bullish movement now at the close...

ok you're getting your move up at the moment (4th bottom on 5 min)

explain why you think the 1 hr is bullish
 
Quote from yoohoo:

ok you're getting your move up at the moment (4th bottom on 5 min)

explain why you think the 1 hr is bullish

It's looking as a second up leg from today's bottom. And it was strong, followed by weaker retracement. So I expect that third up leg is probable.
 
Quote from yoohoo:

A-B-C's occur in every TF and often finish with a strong reversal/reaction as it's a very well known pattern. The pattern completed on the PP.

need to learn this from earlier part of the tread.. :)
 
Quote from CFerret:

It's looking as a second up leg from today's bottom. And it was strong, followed by weaker retracement. So I expect that third up leg is probable.

ok - the 1 hr has an A-B-C within a 4 hr A-B-C.

The most likely place to fail is this move up but it's still a no bariner either way.
 
Quote from yoohoo:

ok - the 1 hr has an A-B-C within a 4 hr A-B-C.

The most likely place to fail is this move up but it's still a no bariner either way.

A-B-C is two legs in one direction with a retracement leg between them?

If so then 4H really looking a bit overbought and apt to retracement...
 
Status
Not open for further replies.
Back
Top