so You waiting for 140. 000-ish and take a long buy position?? Me to , but it will be most probably in monday -tuesday next week hope so anyway we have to wait few days
CrazyTraderfx
(CrazyTrader)
Member Since Nov 21, 2011
1718 posts
Jan 15 2014 at 16:23
sommerxp posted:
so You waiting for 140. 000-ish and take a long buy position?? Me to , but it will be most probably in monday -tuesday next week hope so anyway we have to wait few days
Yes...
If it can't bounce or hold... price will start a bearish pattern on BB Low H4.
CrazyTraderfx
(CrazyTrader)
Member Since Nov 21, 2011
1718 posts
Jan 15 2014 at 23:46
CrazyTraderfx
(CrazyTrader)
Member Since Nov 21, 2011
1718 posts
Jan 17 2014 at 22:01
Market looks kind and it's willing to offer the Long entry on 38% Fib

You have noticed that BB on H4 is now straight and narrow again... meaning that a price action is ready to happen any time.
So as it gets close from BB Low, market could break 38% Fib and starts Step 1 of bearish Pattern. This would lead to the continuation of the 'Inside (Step 2)' on Daily Pattern and market will retrace to the 50% Fib.

The Pattern is easy to follow and understand... it's like a matriochka


You have noticed that BB on H4 is now straight and narrow again... meaning that a price action is ready to happen any time.
So as it gets close from BB Low, market could break 38% Fib and starts Step 1 of bearish Pattern. This would lead to the continuation of the 'Inside (Step 2)' on Daily Pattern and market will retrace to the 50% Fib.

The Pattern is easy to follow and understand... it's like a matriochka

CrazyTraderfx
(CrazyTrader)
Member Since Nov 21, 2011
1718 posts
Jan 20 2014 at 00:41
Support bought @ 140.55 SL 10 pips is enough
CrazyTraderfx
(CrazyTrader)
Member Since Nov 21, 2011
1718 posts
Jan 20 2014 at 01:04
A very tight SL as Bearish pattern is on Step 1 on 15Min, 30Min, H1 and it would be on H4 price closes below 140.50
CrazyTraderfx
(CrazyTrader)
Member Since Nov 21, 2011
1718 posts
Jan 21 2014 at 03:42
CrazyTraderfx
(CrazyTrader)
Member Since Nov 21, 2011
1718 posts
Jan 24 2014 at 22:15
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