Forex Price Action

Nice rejection of support. But has quite some resistance to fight on the way up. Not for me.

Cheers

Hi mate

there you go


Not entering anything today. I think I’m catching some cold. We rarely have temp. below 20c here in Bangkok. :15:

Hit final TP at 89.00. Hurray! :stuck_out_tongue:

what the hell happened to eurgbp :confused:

EDIT: apparently some high impact news shattered my trade…first loss in a week :frowning:

For Eurgbp, i think the Daily signal won and the H4 signal lost the battle. As we all know it already, Daily signals are more reliable than lesser timeframes. But we tried to think the contrary. Market always punish that kind of errors. Thanks to stops, got out of the market at time, it’s literally flying now.

nah it was due to high impact news that just happened few mins ago…that caused 70 pips move in like 2 mins

Seems so. I’ve had that lesson a few times before. Even at H4 the news spike could easily hit my SL. Best tighten your SL as much as possible when news approaches if you’re in an intra-day trade.

Weekly looks nice although it hasn’t finished yet could be a nice one for monday.


1- This new wasn’t so important to make that move
2- the new wasn’t bad, it was better than the previous, but just lesser than the forecasted.
3- The signal of long was already printed on the daily chart.
4- Sl hitted, means we were wrong on the analysis. we shouldn’t blame news. news results are still in the sense of the expectation.

but the gain spike was due to news :confused:

im not sure why its a big deal…the spike happened just as high impact GBP news happened

Our Strange forex markets. Plot theory , :stuck_out_tongue:

Guys, one didn’t need to know whether or not any news was coming out.

The H4 trade hit the FTA, that’s all we can expect a trade to do; from there on, it’s anyone’s guess.

That’s why I asked Justise how he was planning to manage after seeing that FTA had been hit ( and rejected ).

For a worst case scenario, our stops are set, nothing much else to do

Cheers

Major reversals taking place on most of the pairs intra-day!

Candles close in just under an hour

EURNZD H4 Huge pin. Still 1 hour before it closes.


it actually was literally 3 pips away from my TP


Huge and perfect looking PB. Half an hour to go.:13:

I thought I’d enter EURAUD H4 pin bar. But when I look at weekly to find major S/R, my level ended up below the pin instead of above it.

Weekly


H4

Plenty of room to move but counter trend. I have my doubts so better stay out I guess.

Just took a short position on EUR/USD. Looked like a large pin that closed within the previous candle on the 4H. Would like the group’s thoughts.

if you take a look at daily its trading straight into support