Descending Triangle — After the failure to confirm the breakout of the symmetrical triangle. Cable is now forming a descending triangle which can be seen on both M15 and M5. Edit: Also, the floor of the triangle is a confluence of CP-1.7490 ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good morning guys! — Nice one Happy! What's the green MA that you're using? A symmetrical triangle is forming in cable. Let's see what happens.

Psych Levels, Pivots, and Trendlines - Resurrected

Signing off.. — Gonna call it a day guys! Happy trading EV, Happy and others! See you all tomorrow!

Psych Levels, Pivots, and Trendlines - Resurrected

.. Thanks.

Psych Levels, Pivots, and Trendlines - Resurrected

... Then created a tweezer bottom on both M15 and M5.

Psych Levels, Pivots, and Trendlines - Resurrected

Looks like it has already broken down from the triangle EV. It's currently just above the confluence of MS3-1.7354 and psyche level-1.7350. And it looks like its moving up.

Psych Levels, Pivots, and Trendlines - Resurrected

I wasn't able to get all of it. Got some of it on my last trade after the initial 23.6% retracement. Cable made a 50% retracement. Entered a short trade after the lower swing high was created and confirmed. TP at confluence of psyche level-1.7500 ...

Psych Levels, Pivots, and Trendlines - Resurrected

You're exactly right EV! I didn't notice that too amidst the big fall.

Psych Levels, Pivots, and Trendlines - Resurrected

.. US bailout paying off? Market pricing in early for a UK rate cut on Thursday? Plus speculation of a Euro rate cut?

Psych Levels, Pivots, and Trendlines - Resurrected

Yes, it bounced on the confluence of MS3-1.7354 and psyche level-1.7350.

Psych Levels, Pivots, and Trendlines - Resurrected

Wow! Look at cable fall! Just crossed and closed below another long term support-1.7450.

Psych Levels, Pivots, and Trendlines - Resurrected

..Goodluck Happy! I'll look forward to your posts on your trade analysis.

Psych Levels, Pivots, and Trendlines - Resurrected

.. Excellent and quick analysis Happy! That 23.6% retracement supported by the TL break was a good entry. Edit: If I'm not mistaken, you have a confluence of the 23.6% retracement and psyche level-1.7600. Edit: You might also notice that ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice one emacro!

Psych Levels, Pivots, and Trendlines - Resurrected

Took a long after the break of the ascending triangle on my previous chart. Closed at my MS1-1.7637. Still looking for a setup before I enter another trade.

Psych Levels, Pivots, and Trendlines - Resurrected

Price has also crossed and closed above the psyche level-1.7600. And still rising.

Psych Levels, Pivots, and Trendlines - Resurrected

Looks like cable is contracting before NY open. Setting up for a strong move? Let's see what NY session brings. What do you think guys?

Psych Levels, Pivots, and Trendlines - Resurrected

Hi EV! — Nice one EV! How are you doing? I hope you had a nice weekend. Just got back to my screen. This could have been a nice fib trade. Another tweezer bottom at work. Price made a deep retracement. Then price moved up after the ...

Psych Levels, Pivots, and Trendlines - Resurrected

Do you look at swiss to assess dollar strength?

Psych Levels, Pivots, and Trendlines - Resurrected

.. Anytime Happy.

Psych Levels, Pivots, and Trendlines - Resurrected