AI
| Followers | 192 |
| Posts | 41494 |
| Boards Moderated | 1 |
| Alias Born | 10/29/2007 |
Monday, April 11, 2016 8:26:19 PM
The zone itself looks good Jav but don't forget to also look at the pair from a larger time frame perspective.
The hourly AJ chart shows price has already been back to this area twice and the last drop wasn't very large. So technically, this price action area is old news.
The next fresh zone on AJ doesn't appear until 82.85 or so on this hourly chart. That's the one I would watch for.
The zone you have marked might produce some pips but it violates the rules for entry based on the larger time frame setup.
The hourly AJ chart shows price has already been back to this area twice and the last drop wasn't very large. So technically, this price action area is old news.
The next fresh zone on AJ doesn't appear until 82.85 or so on this hourly chart. That's the one I would watch for.
The zone you have marked might produce some pips but it violates the rules for entry based on the larger time frame setup.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
