M15: I am waiting for a nice dip to 1.1638 area to go long again.. Happy trading day folks

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You are correct... Sort of (A chart always explains better... provided below!)

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D1: Simplified View Based on AB=CD pattern: As long as D1 candles open above ~1.1600, this should slowly rise to ~1.1753 levels.. (yellow zone)

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I am marking same level: 1.1648 as main support for H1 and M15... No selling while H1 candles open above it...

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M15: I am marking 1.1648 as nearest support... Rinse & repeat buying dips as long as candles open above it...

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H1: I am marking 1.1622 as main support.. as long as candles open above it, I stay bullish!

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As I said: I never was a fan of selling... Go bulls go!

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Today all I care is 1.1603.... As soon as M15 candles close back above it and it looks like they will not close below it anymore I start buying... Happy trading day folks

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M15: I caught some pips from selling.. BUT again: I am not a fan of selling since I explained several times earlier.. BUT right now I am also not a buyer (yet). Especially not while candles open below 1.1636... *or in a more general sense: as long ...

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M15: If any candle closes back above 1.1640, I open a new long order. as low as I can..

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M15: Now, with this deep close, I will stay bullish as long as candles open above 1.16365... However, IF any candle closes even 1 tick below 1.16365, I will switch to selling on this timeframe!

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M15: If any candle closes below 1.1642, I will not open a new buy order and wait for a deeper buying spot to form...

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Best practice for the whole week for H1 and M15: ----> Buy the dips but never trust the spikes! Spikes have the habit to betray bulls! ----> Take profit early and keep buying upcoming dips.. The deeper the better.. Always!

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H4: The handle of the Cup & Handle is now complete. Crucial moments to see if bulls can break above 1.1645.. *On a side note: It is technically an Inverted H&S... but since the head part is so nicely rounded I named it Cup&Handle..

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M15: I wouldn't risk selling while candles open above 1.1628.... Just saying

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Hi Loricca, thanks for the feedback.. There will be differences... always.... and it's okay... The reason why I am not a fan of selling is my weekly chart's -Shark Pattern- comparison I added below... The more recent shark pattern is expected ...

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So far watching bears doing their finalizing moves... I hope they are done soon so we can focus on buying again.. D1 tells me to look for longs as long as no D1 candle closes below 1.1595.. The deeper we buy the better... Patience! *If 1.1595 area ...

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Food for thoughts: Just remember that in a bullish trend (H4), focusing too much on going bearish just to close the gap, is very similar to mice focusing too much on the cheese... Careful!

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I don't like to rely solely on statistics.. It is rare that gaps are closed days or weeks later. But then we never can know when these rare times will be.. As a result we will be forced to square one watching charts again... So I suggest to watch ...

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Crucial minutes... if I see no bullish breakout in the next 15 minutes I leave trading for the day... This hesitance and indecision is beyond a shit test really... even for a patient guy like me.. Watching!

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