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- sugarbelly replied Aug 30, 2013
I think you should take the low of 7th of Aug: 1272,7 If you take that we are now at 23.6 fib level
- sugarbelly replied Aug 30, 2013
What I get form fxpro daily analysis is that they are saying for days now price would drop to 1395 or 1384 in extension. first target is almost met. But I think we will se a retrace after that to make double top (fakey) at 1440.
- sugarbelly replied Aug 30, 2013
Hope this clarifies
- sugarbelly replied Aug 29, 2013
Thanks for the help guys, And now the only difference I am trying to make is that after price went higher for a while an up-bar pinbar (higher close) is less of a short signal than a downbar (lower close) of the pinbar. In the latter case the ...
- sugarbelly replied Aug 29, 2013
Sorry still not good at chartsand uploading it. Just see it like this: after climbing prices when you see a pinbar, price is more like likely to fall after the pinbar has closed when the pinbar is red (down bar) than when it is green (up bar).
- sugarbelly replied Aug 29, 2013
When pin bar opening price is lower than the closing price of the bar it is rather a continuation signal. When opening price is higher than the closing price of that bar it is a more clear sell signal. In this case however price went down nicely but ...
- sugarbelly replied Aug 29, 2013
Take note that it was an up bar pinbar which could also lead to an upward price movement still
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