in p/f you can draw a trendline if you think a top/bottom is in place and then watch the price action around the trendline to see if there is strength or weakness
at this point.the latest upthrust has no real follow thru.it just looks like a "jerk off " from the breakout from 23/12.when it retraces it needs to show strength to stay above 1.0150 area.in p/f terms we treat it as a jerk off with no follow thru....basically,a bit of foreplay
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ws...price pulled back after it jerked off
in p/f you can draw a trendline if you think a top/bottom is in place and then watch the price action around the trendline to see if there is strength or weakness
lol@jerk off !!
interesting term
hi ws..
at this point.the latest upthrust has no real follow thru.it just looks like a "jerk off " from the breakout from 23/12.when it retraces it needs to show strength to stay above 1.0150 area.in p/f terms we treat it as a jerk off with no follow thru....basically,a bit of foreplay
hi ws
i have a chart that audusd,the last breakout could be false
i will post it later