Ciba
Long

Engulfing Candle? Waiting for Confirmation

FX:GBPJPY   British Pound/Japanese Yen
46 2 1
So when things get dicey and confusing, I have to wake up and expand out the time frame.

TP STOP was taken out over night. Seems like an engulfing candle to me on the 4H. I would like price to break 61.8% of last rise. Data coming out tonight and tomorrow (JPY statement, GBP manufacturing, and USD JOLTS).
daddy59
2 years ago
ok , wait and see ! the 200 SMA is rather flat .
Reply
dojitrader
2 years ago
I'm not sure it's an engulfing candle as it does not "engulf" the previous spinning top
body. It is extremely bullish, however, and is probably closer to some sort of piercing
candlestick pattern.
BUT, the real reason I'm commenting ~~~~~~
Forgive My Impertinence ---- But I have to ask . . .
Can you really SEE what's on your charts ?
At least without the use of a 32" monitor.
Even when I expand everything to the max,
and when you do that you lose the larger perspective,
it is tough to actually see what's going on.
Or am I just color blind ? Or . . . ???
Thanks for your thoughts !!!!

Wishing you LOTS of pips in 2014 !!!!!!!

Once again, forgive my impertinence.
I like your work and really wish I could see the big picture
as well as the little picture.
Reply
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