60 min data
signal to go short ...or is it a trap ??
signal to go short ...or is it a trap ??
Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
if it is a new minor downtrend
then we need to see the reaction as it tests these trend supports
1251 down to 1246 areas
1245 area was a prev breakout point
lets see
then we need to see the reaction as it tests these trend supports
1251 down to 1246 areas
1245 area was a prev breakout point
lets see
if it breaks higher then we have 99.40 and 100 res
if it brspot oil 60 min
22 cents by 1 reversal/close
a bull trap...or a new minor downtrend
trend res/red at 98.10 area
horizontal supp/purple 97.20 and 96.80 areas
trend supp at 96.40 area
trend cluster at 96.14 area
it really has to stay above $96.00
95.30 was prev breakout area/red
so.....
now we have a good handle on what can happen...no surprises
if it breaks higher then we have 99.40 and 100 res
if it breaks downwards...we know where we are going to trade fromeaks downwards...we know where we are going to trade from
if it brspot oil 60 min
22 cents by 1 reversal/close
a bull trap...or a new minor downtrend
trend res/red at 98.10 area
horizontal supp/purple 97.20 and 96.80 areas
trend supp at 96.40 area
trend cluster at 96.14 area
it really has to stay above $96.00
95.30 was prev breakout area/red
so.....
now we have a good handle on what can happen...no surprises
if it breaks higher then we have 99.40 and 100 res
if it breaks downwards...we know where we are going to trade fromeaks downwards...we know where we are going to trade from
update on that bull trap/new minor downtrend
we were not sure what was going to happen and as we said we would look at the reaction at 1251 support..guess what..we got a new downtrend..that went back into the main supp area
15 min gold over the last week
green horizontal is the breakout/rally on 9december and we got a good signal to go short yesterday/pink horizontal
we were not sure what was going to happen and as we said we would look at the reaction at 1251 support..guess what..we got a new downtrend..that went back into the main supp area
15 min gold over the last week
green horizontal is the breakout/rally on 9december and we got a good signal to go short yesterday/pink horizontal
cable
gbpusd 4 hour
hit a brick wall
we are watching the other side of the latest pattern to see if it breaks down and tests the downside
prev breakout is 1.6200 area
trend supp is 1.6155 area
thinking that it is waiting for fomc on wednesday for the decision to either break up or down
gbpusd 4 hour
hit a brick wall
we are watching the other side of the latest pattern to see if it breaks down and tests the downside
prev breakout is 1.6200 area
trend supp is 1.6155 area
thinking that it is waiting for fomc on wednesday for the decision to either break up or down
eurusd 4 hour
at horizontal resistance
the latest breakout from purple horizontal looks overstretched/a pole.The 50% area is marked at 1.3650 area.Orange horizontal
So..we either break higher and take out that horizontal or we could retrace and test that 50% area
at horizontal resistance
the latest breakout from purple horizontal looks overstretched/a pole.The 50% area is marked at 1.3650 area.Orange horizontal
So..we either break higher and take out that horizontal or we could retrace and test that 50% area
60 min
30 cents box size
do we break res or test supp ??
30 cents box size
do we break res or test supp ??
eurusd
update to our 4 hour chart
in the 50% zone
a real tender spot
update to our 4 hour chart
in the 50% zone
a real tender spot
Ancient art. It's 2013, this thing still works?
Quote from dentist007:
eurusd
update to our 4 hour chart
in the 50% zone
a real tender spot
update since we took that short trade from the bull trap at 1251
some very ragged price action..the only thing of importance was the 1215 supp area/pink horizontal which provided some good opportunities
that broke yesterday/fomc
we track that thicker red downtrend line to see if it recoils
30 min
$5 box size by 3 reversal/hilo plot
some very ragged price action..the only thing of importance was the 1215 supp area/pink horizontal which provided some good opportunities
that broke yesterday/fomc
we track that thicker red downtrend line to see if it recoils
30 min
$5 box size by 3 reversal/hilo plot