Another technical scenario, what would confirm a new low...of course the right wing's formation can turn into an other shape! (for example the right wing's top can be higher /until 1.36990 it's ok/, and the lower point can be sooner or later either)

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Happened 3 times in december, 1(2) times in january.

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unless we brake one of the red line, it will be a ranging day (because of the triangle formation, the breaking of the upper line has technically bigger chance, but wouldn't be surprised if the market choose the opposite one)

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Would be very strange not touching 1.35400-500 (but also very strange that we didn't touch 1.37000), when we are more than at half way...but of course anything can happen. Personally I would wait with longs, good luck with them.

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If bulls would rule the the day, than I will watch these levels: - 1.36275-300: last high short term - 1.36400-450: Fibo 50% - 1.36729: impotant high (should not be molested) - 1.36990: last top (should reach after 1.36729 is broken) EDIT: weekly ...

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I closed right now my last trade, because until we don't make a new low I prefer scalping today...there is a chance to go higher and I don't like being 'underwater'. Will re-entry at high/tops, and avoid longs.

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On the other hand watch out for today...look how the day started. So I use the half of the usual lot until we take out today's low.

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Thank you very much!

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Morning! The orange ABCD should happen to confirm the trend-change. The blue ABCD targeted to the yearly pivot point at 1.34750. Note: this is just a personal view, and it's just a scetch, so the beginnings and endings of the lines are not ...

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I was thinking about why we stop before the previous valley, than I realised it would be too easy to trade if we would get a strong sign like that...so maybe they want us to think that it can go even to 1.38-1.40-etc from these levels....they want ...

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aha, so a real woman/man do mistakes again and again? she/he is just strong enough to stop trading, when it's not her/his time...

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I was afraid this is the down-speed without any buyer pressure, but looks like a lot of people buying it histerically....so than it's more than probably will go further down... EDIT: I can see a butterfly on m1, and it's shows a new low, unless ...

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1. should make new low (at least under 1.35681) 2. we're under weekly pivot (1.36300), but over yearly pivot (1.34750) -> so I suggest only long scalps, but it's just my opinion EDIT: H4 closed at 1.35991 at FXCM

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I didn't know we're in the kindergarten to make fun of each others (nick)name...

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sweet..fall like a ragdoll 1.36225 can be tricky

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Morning! Right now at weekly pivot point at 1.36300. Will sell at 1.36550: SL: 1.36650 (1.36750) T: 1.35000 (yearly pivot point 1.34750) If the market take out the 1.36729, than should take out 1.36990 either..

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don't worry I won't follow nobody...this is the only way I can learn.

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my C will work (should)

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because C should be at 1.37200

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without grid it would be much better for the eye, but thanks for sharing!

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