just great, :-( i shorted it yesterday, i have my Daily trend line bit higher than yours and touching last low. so i took the break downwards. mmm now the support at 0.7444 is holding it up.. cant seem to add an image here.
ashddylan
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@Rossouw, try to send me another image, you should always wait until a candlestick CLOSES (or CLOSES pull backs and bounces) below support before going short. Price simply passing through isn't valid enough. There are many price action indicators you can take while trading, candlesticks tell you a lot, you just need to know how to read them
Rossouw
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@ashddylan, tx i seem to jump the gun sometimes, but trying not to anymore, and wait for retracements :-) there is no option to insert an image..
ashddylan
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@Rossouw, Take what the market gives you and MOVE ON to the next chart. If there isn't an opportunity DON'T force one, you're only kidding yourself. Trading is 20% knowledge, 20% Discipline and 60% Emotion. Good Luck!
Hi Lewis, thanks for sharing. That's my view, still valid for me. Just sharing as it's the opposite of yours and that's healthy for trading.
You can see the bigger picture in it.
LewisGlasgow
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@ChrisMark, Hey Chris, the analysis is looking good! I'll keep an eye on a breakout, don't think I'll enter until next week.
samehisk
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will you enter the trade when the price reach 0.74542 ?
LewisGlasgow
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@samehisk, the move is valid, I'll be looking to go long shortly.