I'm a Forex beginner - This is just my thoughts and ideas. And the purpose of this chart is to be able to check in the future about my predictions and use it to improve my analyses and market understanding. Don't recommend anyone to take trades based on this setups. Any comments and constructive criticism are welcome :-)
Comments
Asia-FX
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Hi x0xy! Realy thanks for your comments and observations I will take note of that. Actually I sold @1.2258. Have a nice weekend.
x0xy
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Rather than your trendline I suppose the support at 1.2280 that held on 23th October, 07th November and 22th November should be the main reason for a possible short setup. Usually after a strong support has been broken you can expect it to be a resistance on the way back up. On the other hand we were at 1.2274 yesterday which is already pretty close to 1.2280 so maybe it will overshoot a bit. Let's see...
Asia-FX
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Hi x0xy! Realy thanks for your comments and observations I will take note of that. Actually I sold @1.2258. Have a nice weekend.