DislikedYesterday was a loss. Again bought today. Anybody care to join me!!!Ignored
I hold the same view as yesterday; and I still believe that 4 hr pin bar is in play... If we are to neglect the 8 4hr candles (i.e 32 hrs) after that initial pinbar (FOMC time) the market has only retraced by 50% from that pinbar; and hence it is still bullish! Plus we have support of another pinbar which touched support at 1283 now. Now with that being said I think we are going to see some resistance at 1300-1303 level...
The usd index is moving up which is not a good sign to trade...when the market gives mixed signals like this...
I would still wait for a break and close above key resistance area; to go long!
Happy trading & good luck!