Added by cristotrading on October 31, 2011 at 1:30pm —
clear range for few days followed by a strong move to the upside only to have it return and break down on the other side. classic example of fake move and failure. if you go down to smaller time frames you can see even better how nicely this classic price action pattern played out. i guess the lesson here is after long periods of consolidation you have much better chances of fading such breakouts.… Continue
Added by cristotrading on October 26, 2011 at 9:58pm —
nice double rejection from 8840 level, should have the price move lower. good luck.
Added by cristotrading on October 26, 2011 at 1:12am —
i dont usually follow 30 min chart, but this one shows pretty clear the price action around 1.3950 level. its not a huge fakeout but these are signs to watch for if u wait for a move down. same for a move up.
Added by cristotrading on October 25, 2011 at 11:59am —
Added by cristotrading on October 24, 2011 at 11:48pm —
triple failure at 3680 had the bears give up. we are moving higher at the moment with a high probability of making new highs. good luck.
Added by cristotrading on October 19, 2011 at 2:56am —
Important levels to watch here and great risk/reward to take a short position. if we break above .618 fib zone, i would dump it. good luck.
Added by cristotrading on October 13, 2011 at 10:24pm —
great fakeout in usdjpy pair. great signal to establish a long position with pretty clear stop levels.
Added by cristotrading on October 12, 2011 at 12:06pm —
3680-3700 remains obvious resistance. price action around these levels will indicate what the next move will be. so far we have a few rejections of that level so either ceiling is getting weaker being punched so many times, either it is very strong and we go lower. i tend to side with the last one being in line with daily downtrend. latest 4H candle it closed ugly with bears in control. if we… Continue
Added by cristotrading on October 11, 2011 at 9:36pm —
nice run up. small 4H bear candle forms after many bull candles. looks like they wanna retrace. good luck.
Added by cristotrading on October 10, 2011 at 9:53pm —
3380 remains important level and price action responds to it accordingly.
Added by cristotrading on October 6, 2011 at 2:59am —
very possible we could see a downtrend resume at least thats what this 4H candle formation looks to say. i would sell a bounce to 3320 area for a drop towards 3050 zone. good luck.
Added by cristotrading on October 5, 2011 at 1:00am —
1H chart is trying to say drop could be over. we might enter a consolidation period even a retrace, correction. at least thats what i read in the price action over 1H, 4H charts.
Added by cristotrading on October 4, 2011 at 12:58pm —
huge support on weekly charts coming in around .9400 level. as we now market will likely test these levels even go underneath to check who's hiding there. I doubt we will go through it very easy although it might seem like that when we do. if you are a contrarian and like a little bit of pain or if you just see a great risk/reward ahead look at smaller time frames for good entries based on reversal… Continue
Added by cristotrading on October 4, 2011 at 12:51am —
a bit more indication of price rejecting levels. seems that downside remains better choice.
Added by cristotrading on October 3, 2011 at 12:46pm —