jupiter_peak
Well-Known Member
jupiter_peak said:NZDUSD seems up for a potential buy. bullish order block below current pricing, along with support @.7793(.7800). I would guess a .7780ish entry would suffice.
This is what I was refering to.
jupiter_peak said:NZDUSD seems up for a potential buy. bullish order block below current pricing, along with support @.7793(.7800). I would guess a .7780ish entry would suffice.
ovidiux said:I'm not sure..
"the levels are too clean?"
But we are in a downtrend..why not continue lower? Or they want to take the orders under the 5950, to the highs above 6180 and then take the low of the year? Or I'm thinking too far
jupiter_peak said:50 level is/was the answer to the riddle. Look further left on the h1 time frame and you should see why a false breakout of the 50 level was expected.
It doesnt mean it wont go lower, maybe just not today.
ovidiux said:I'm sorry I don't see the reason for the false breakout. Maybe because of the rejection on oct.15?
I (think) I understand that some levels must be cleared, but I have always found it difficult to see when the price is expected to reverse and when to continue. I must review my notes
jupiter_peak said:Nice fake brekout of thursdays highs into a bear OB 1.6000 level on GBPUSD.
jupiter_peak said:GBPUSD, probably a false rally above Asia highs, above open into 2STDs CBDR.
In my opinion, too early. I wait until 1.6030. I want to see the USDX to reach 86.90'ish first.jupiter_peak said:Price made it to the day open price, into OTE right after news. Anyone els joining me on this one?
Hopiplaka said:In my opinion, too early. I wait until 1.6030. I want to see the USDX to reach 86.90'ish first.
jupiter_peak said:That is a different setup we are talking about. This was an ID 2:1 trade in the direction of the main move.
Plus if you look at USDx intraday price action, you will probably see an OTE retracement there int o a bull OB.
Howeve, your idea is great too for USDx most likely would make a FB of the lows into a bull OB residing just a bit lower. This comes handy with a potential Euro sell.
jupiter_peak said:Shorted NU as per the video.