[quote=Yvonnely;11043121]quote Haha, that is OK. [/quote
Market is quite trendy today
[quote=Yvonnely;11043121]quote Haha, that is OK. [/quote
Market is quite trendy today
You're welcome.
I'd have preferred to be wrong and the break to be a false one but it seems that it was not the case this time since GU reaches 1.3600 at the time of composing
I won't be coming back soon, for sure.
Except for the lost pips.
Do you see the break to the upside down that high ? That is a clear indiion of strength. If I were brief, That is were I'd have shut my shorts and opened new longs. That was what I was discussing.
No no, I do not give any importance to double tops bottoms, HS and so on, I just sign them for advice !
The only important thing for me is what the current price is doing relative to the recent past in a particular time frame, my preferred being the 1h.
Therefore, if price is creating a new high, it's becoming stronger and people ought to buy and whether or not it makes a new low it's becoming weaker and also we ought to sell and that is quite the opposite to what a lot of folks do when attempting pick a bottom or top or looking at a indior that states oversold or overbought which are items that are somehow artificial and anyway derived calculations from the price.