Hello all,
I had a quick look this pair and noticed a nice clean top after the low at 1.93398. I have only placed vertical timing lines 4 to 6 so to isolate the possible plays ( See Blue & Purple bent arrows ). You will also notice some spectacular hits on the horizontal support & resistance lines which tells me the grid is working.
These plays are based on the assumption that a low comes in on vertical timing line 4 (Purple Dotted Line) If it is a top these plays will be very different. In any case I will set up my entry rules for a long or short position. If the market breaks below the horizontal 50% level a liquidation move is highly likely:)
PS: You will also notice some powerful Fibonacci time counts (Top & Bottom) lining up with some of my predetermined timing lines numbered 1 - 9 across the top.
Until next time,
TIK
I had a quick look this pair and noticed a nice clean top after the low at 1.93398. I have only placed vertical timing lines 4 to 6 so to isolate the possible plays ( See Blue & Purple bent arrows ). You will also notice some spectacular hits on the horizontal support & resistance lines which tells me the grid is working.
These plays are based on the assumption that a low comes in on vertical timing line 4 (Purple Dotted Line) If it is a top these plays will be very different. In any case I will set up my entry rules for a long or short position. If the market breaks below the horizontal 50% level a liquidation move is highly likely:)
PS: You will also notice some powerful Fibonacci time counts (Top & Bottom) lining up with some of my predetermined timing lines numbered 1 - 9 across the top.
Until next time,
TIK
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.