trading non farm payrolls last friday dollar index/1 minute data tracking the price in the uptrend from wednesday / fomc the uptrend remained intact until nfp release looking for a breakdown as it was a fierce uptrend...gft saying on twitter that it needed over 200k to maintain the dollar uptrend sure enough we got the breakdown dollar crosses rallied.also stock index
Question for P&F enthusiasts? There have been studies showing buying after a breakout of a double top and selling after a breakout of a double bottom. Don't gaps make these results very misleading? Don't they show the net result of the overnight session, but ignore what happened in terms of supply and demand overnight? I'm curious as to how these charts do during after an intra-day breakout.
eurusd 4 hour data watching the uptrend thatstarted on 12 november at res now the green line is currently sitting in 1.3200 area a major supp fort this uyptrend 14 pips by 2 reversal
eurusd 4hour data if a failure at res.then bulls shopuld get tested in3280 zone/aqua or if that fails then down to green trendlines in 3180-3200 or we break rees and go up
we can see triple top breakout & a triple bottom breakout at the circled area, but what we can also see is the upside breakout didn't hold, can the op (if he's around) or anyone explain why? Thank you.