If impulse breaks a trend, increase in momentum, smaller retracement more likely than the further.
Could price be THIS telltale? But I don't know; past moves do not guarantee future outcomes. Right?
So I've been wondering how to differentiate between accumulation and redistribution. Today I realized that it's possibly just a matter of watching what happens after the sellers climax / Spring: If after the SC we directly get aggressive AR (breaking previous Lower highs) and some STs (AR morphing into BC) then we'll wait for the UT and know we've switched...
Weekly pin bars and I just saw that we broke below a structure created yesterday, and now moving back to it in a corrective fashion . So I took a sell here and stop loss above yesterday's high
Looking likely to break above from a long retracement and now failing to make a lower low. The pair on a higher time is also at a bottom of a downtrend and support level
This is my probable view. Also it has been retracing in consolidation all London session, likely preparing for the drop in the US Session.
We might want to hold on to our EURGBP buy at least until that previous high; even if we don't break it but create and equal one. This is probable because even on the weekly we had just made a reversal/rejection, making this daily seem like a reversal transition.
It broke above before, lets see if it breaks above again, but take profit at the resistance just in case
Impulse compress to wedge and expected rise. Something I've been noticing lately, we'll find out if it works often over time.
It's an impulse, exhaustion, impulse thing I've been seeing
This was more about the CAD weakening than the EUR