Is EU telling us where it is going to be heading in the year coming? Looking at an On-Trend Continuation in the current area. 61 & 38 Confluence on the 1.15 Mantle, wicks out to the top, Previous Price Reversal Area, 3-4th Loose hit on the Downtrend line, 100EMA floating across the top. Very nice set-up, possibly for the first half of the year.
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We waited for our Market Maker move using a Brickwick Renko.
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Entry and Trade Safe
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Forgot to update, Took some profit out at the bottom of the channel on a rejection being shown, awaiting next set-up.
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Another nice entry when it popped up to peak resistance, and once again at the bottom of the channel so look to take some profit out if it rejects.
Renko!! Wow.. that's so cool. I need to learn more about how to use those candles. I have studied a fair amount and practised but not given it more time. Perhaps you could do a video on how you use it at some point. :)
LouisSugunaFX
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Good analysis, has anyone told you that you sound like Colin from the Blackmiror: Bandersnatch movie?
PardoFX_Trading
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@Louissuguna, no they havent! Haha, thanks
Captain_Walker
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Many thanks!! Great analysis. Delighted you've used the video recording facility as it gives so much more. :)
PardoFX_Trading
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@Captain_Walker, it does, its a shame more people dont use it. I do all my team analysis on Video generally.
PardoFX_Trading
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@Captain_Walker, but also people dont spend the time to listen they move past it hence why I rarely do public analysis on Tradingview anymore If theres demand I'll do more.
Captain_Walker
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@pardo269,
I do my videos only for my benefit and not requiring a crowd of onlookers. I'm in this for me! LOL If others benefit - probably 5% - that's fine. I find doing the videos clarifies my thinking on what I'm doing. It's the 'cognitive benefit' of talking to rubber ducks, that has been well described in cognitive science.