What if you’re a swing trader or short term / intraday trader? (the 1H can be very useful here)
I agree though, always use the higher time frames. To be honest, Im not really sure what way I want to position myself for the remainder of the week, currently, the 15M TF is bullish (same deal on 1H), we’ve maintained the higher lows, (only just on the Fiber, my low for Asia is identical for the low just formed in London), Cable posted a higher a low, after diverging lower during Asia, while Fiber maintained its low. The short term highs have also been taken out. The short term low was also taken out on the USDX.
I was tempted for a long @ 1.3070 on the Fiber, but as I said, not very confident how things are going to play out. I’ll wait for now :). Im in no rush to jump in. I’ll see what NYO brings.
The point is, my higher time frame analysis indicates a push higher, confirmed by the 15M TF that I would use as an entry TF being a short term / intraday trader… and if Im wrong, I’ll learn a lot based on everyone elses contribution to these threads.
But its all good, we need more humour in these threads and if I can provide that, then great
I’m looking at cable…4hr 1hr 15 min market flow…bullish…market structure on 1hr bullish if not mistaken…however on 4hr ms i s bearish? so should we expect a long move…?
ote or bear flag,
leaning towards bear flag because of compliance with resistance at red line on the left hand side. Bearish move would extend the pole to the 20 area
The USDX shows a lot of resistance at around 80.55, but do you think it will break through eventually…? Price has been testing that level quite a few times so far, and has formed what looks like a bullish triangle (I think that’s what it’s called!)
(the 1H can be very useful here)
