In a bullish market, a reversal day consists of trading range that reaches a new high but closes lower than the previous day's high. This pattern reflects up side exhaustion.
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Quoting mpathareDislikedI agree, I also posted about this here http://www.forexfactory.com/forexfor...ead.php?t=9749Ignored
Quoting wwwinDislikedAlso, close to being a pin bar bearish signal. I am short at 1.9077, what SL would you place. Currently I put it at 5 pips higher than previews day's close. Thanks.Ignored
Quoting mpathareDislikedI am actually waiting for the current bar to drop below the pin. I will enter around 1.9055 and set SL above the left eye around 1.9105. Or maybe above the pin, but thats too many pips for me.Ignored
Quoting summitfxDislikedHats off to you Pal- Nice Work
QUOTE=wwwin]In a bullish market, a reversal day consists of trading range that reaches a new high but closes lower than the previous day's high. This pattern reflects up side exhaustion.Ignored
Quoting enoc2gDislikednice entry...Ignored
Quoting wwwinDislikedI think right now the traders have no conviction on where this is going. That is usually what happens when a trend is losing steam.Ignored
Quoting enoc2gDislikedThis first sign of dollar strenght via NFP or whatever and this thing will fall like a ton of bricks right now its sucking in all the dumb money like a vacumm think price will grow to the sky, then bam!! huge drop off and everyone will be like what the hell happened?!! even if we do get another run up it will most likely be followed by a short squeeze just like this recent attempt at 9140...
just my opinions.Ignored