Not yet...

My monday's analysis is still in progress so I don't see any other topic to discuss, nevertheless, it seems that my time prediction was just baloney! Last friday has formed a beautiful doji and could be considered as a signal to enter... my time bands are predicting a reversal on monday or tuesday (april 14th) and also we have a strong support at 1.4630 (I think!) that corresponds at 0.618 fibonacci level from last swing. Maybe price could found support at 1.4600 (round number) considered also as a previous support zone. A trigger for a trade could be a crossover on stochastics.


Just for the record, I'm not going to enter the trade... we'll see if I was wrong or right, without risking capital. Naming an extraordinary trader, Robert Miner, capital preservation has to be the most important aspect of a solid strategy. Also making a quote of something that I read (don't remember where)... I can assume that you want to be wealthy slowly and Not poor quickly, or kind of; so take it easy. An alternative scenario could be a progressive downtrend going beyond the fib level to 1.4533 (0.5) or even 1.4433 (0.382). If prices perforate those support levels, we could say: what the hell? and see what the market brings next in a few days.

Returning to the basics, it seems (to me) that we are now in a uptrend... remember: higher highs and higher lows, and that's what I'm seeing.

Tomorrow I'll try to post another pair that I'm looking at for a while and a miss trade in that.