goodmorning, i filtered EUR_USD seed, other pairs on my watch list have no set up (yet). Because of the big wick of the white candle before the seed. Plus there is a level that the wicks poke and have not really broken, I count 20 bars for that as rule of thumb, but combined with the big wick white candle, I want to see it really break the level.
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kvr1966 wrote: ↑23 May 2022, 08:56
goodmorning, i filtered EUR_USD seed, other pairs on my watch list have no set up (yet). Because of the big wick of the white candle before the seed. Plus there is a level that the wicks poke and have not really broken, I count 20 bars for that as rule of thumb, but combined with the big wick white candle, I want to see it really break the level.
Hi
I agree with your analysis. I took looked at this signal but because I was not looking for a trade on this pair it was a straight forward now. I do see a trend up but i see that this leg up started with that pin bar on friday i.e the most recent swing low at chart time 21.00.
now its hit previous highs. .. will it reverse from there or will it go sideways or will it breakout? if it breaks out, then I might look for signal.
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The Consistent Pursuit of DS1
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EUR-USD 1H. Breaking the level. Put a Limit Buy order on the seed. Will see if it gets filled. I might have been early and maybe should have wait for this candle to close?
Edited to add: I guess I was late not early, it shoot up now
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Last edited by Minsk on 23 May 2022, 09:23, edited 1 time in total.