About meLearning the German language and chess.
1.5Hrs cardio/activity spread throughout @ day.
Learning FX for about 1-3 hours each day
Trading FX for about 1-3 times a week
Uses S&R, Sentiment, MAs, News and Economics
The pair has reached its all time high very recently and sentiment still show lots of buying so it seems --- I am suspecting some hint of MM strength backing the upward trend. I will just be waiting for MMs to get really exhausted before entering my SHORT position. I am watching this pair to reach the 125 price ...
The 4H chart clearly shows a 1.5650 resistance level for a period of days now. It appears to want to get there. As buyers are thinning out, only MMs will try to stop out early short positions before making their move unless GBP data is going to be spectacular. I am betting that sellers will dominate this scenario ...
The pair is nearing over-bought territory and candle are now showing long wicks as price is being rejected. Waiting for price to confirm direction based on candle patterns and the MACD topping its current levels. Not taking any trade off of this yet. Stalk-mode.
Pair is overbought and there are now very few buyers and may eventually fall back. Potential price range it may go is the 1.090 to 1.085 or so levels. MACD has crossed meaning buyers are exhausted. RSI slope on the downward side on the daily chart