Welcome Madeswaran, you look as though you've had a very tough trading day, did you get whipsawed like I did last week on the EurUsd even though I had the direction right ?
Please see the below link which may in some way assist you and next time we will see a happy Madeswaran ;-)
Tough Trading Day
Janos you have a real eye for those head and shoulder type patterns
What a great rally for EU at the starting blocks of the London open. I am a BEAR at 1.3050 - 1.3078
Slow start to the US Session, On the H1 EU Chart 7 straight 1hr Green Candles, Albeit Getting Smaller in Size. Still a BULL till we reach 1.3050 - 1,3078 .
After 8 hrs of continuos Green Candles we have our first Red Candles of the day of the 1.3050 resistance zone mentioned in the earlier post. The 10 & 20EMA have been holding price nicely. Looking for a retest of ~1.3050 for shorts, or a convincing break of the 38.2 fib and EMA's for possible shorts , also thinking that this is just a corrective move of the prior impulsive move, still need one more candle to print after the current one to make a decision.
Must pack up now today - but its been good but hope to get a post near Mcdonalds tomorrow
Nice Clean Chart and Price Action Spiro, also I notice you have not marked up any 'disturbances' from your better half, hence a good 50 PIPS !
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