Too many information on charts.
What's a trader to do?
Put context around it to filter and see the important stuff.
Price got rejected at the upper U-MLH (!)
Here we are again. Another rejection will shoot price down to the centerline again (...maybe).
If price can manage to crawl up to the orange line - I call this the 1-Line-Trade - I looking for signals to short it. But I'm never in a hurry and I also don't cry if I miss a trade...there are millions to come...
Happy new week out there!
What's a trader to do?
Put context around it to filter and see the important stuff.
Price got rejected at the upper U-MLH (!)
Here we are again. Another rejection will shoot price down to the centerline again (...maybe).
If price can manage to crawl up to the orange line - I call this the 1-Line-Trade - I looking for signals to short it. But I'm never in a hurry and I also don't cry if I miss a trade...there are millions to come...
Happy new week out there!
Comment:
So we waited...and now it could pay out.
Let it settle on the U-MLH and then I probably take it long...watching PriceAction too.
Let it settle on the U-MLH and then I probably take it long...watching PriceAction too.
Comment:
What a drag...but nice how price is respecting the U-MLH.
...someones filling his pocket with GBP? Really looking for a momentum to the upside.
...someones filling his pocket with GBP? Really looking for a momentum to the upside.
Comment:
Finally - Looks like GU has made the decision to go North...
Comment:
On Track
hmm...