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If the price closes below the 119.75 then we wait for pullback, and if it occurs we short the market.
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- At Pivot, price weakening. Short at this level. SL at 120.35. TP at S2
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Structure has been broken to the downside. Sell the .618 retracement if it occurs.
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Bullish cypher pattern with completion at support level.
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We can see that after the market broke the downtrend line, there was some buying pressure. We had 2 pieces PIM readings that made the whipsaw movement. After that I went long as I saw that the 38.2% level assuming that the 50% would hold. In hindsight I think it was best to wait until the 50% level.
- At Pivot, price weakening. Short at this level. SL at 183.60. TP at S2
- Or, at S2, price stop falling and recover. Buy on reaction at this level. SL at 181.80. TP at Pivot
At Pivot, price consolidated and recover. Go Long at this level. SL at 119.60. TP at R2
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Main resistance level around 0.7400 was broken; we attempt to buy for a trend continuation around 0.7370 if the price gives indication that it might bounce of that bullish bottom trend line.
EURJPY continues trading in range. Price is retesting support at the 133.89-98 area. In the event that values of support hold, it raises the possibility of prices returning to values of resistance. Alternatively a breakdown below 133.90 would signal an end to current range market.
EUR/USD is in a range on M30, looks like it wants to bounce up in a support area and also forming what looks like a double bottom on M5, with indicators (MACD and EMA) confirming a likely upturn.
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- At Pivot, price consolidated and recover. Go Long at this level . SL at 1.1230. TP at R2
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The FX pair EURJPY is in an 1 hour timeframe uptrend. Long position initiated @ 132.285.
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Price forms a double bottom, followed by a break of structure. Buy the 618 retracement which occurs at minor support and resistance area.
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Bullish cypher pattern completion
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Entry BUY on a correction/pullback on the 50% Fibonacci retracement zone with a bullish gartley.
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USDJPY has had a retracement. Wait the pair to break above 121.27 levels to enter for a buy position for a 1:1.5 risk to return
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The GBPUSD is attempting to breakdown this morning. However, price found support at 1.5105. A breakdown below this value, would be a bearish scenario.
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Narrow trading reange, 1,0950-80 , indicators seem exhausted , I would prefer to see fresh lows.
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GBPUSD moving to the downside with US dollar strength moving in over the majors looking for entry at the 50% retrace under the MA at resistance and stop just over second level resistance and MA target just below daily low at 3X risk
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The US Dollar broke the 104 support against the yen. Buyers are now aiming to test support at 102 with a break below that exposing the 100.10-50 area. Alternatively, a reversal back above 103.5 opens the door for a challenge of 105.
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Buy USDCAD as the pair retraces to demand area + overlap fibs
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USDJPY is trading around the 1H support at 123.15. A double top has completed and with a break below Short-term support in the 123.15-25 area on an hourly closing basis exposing the level at 122.80.
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The fx pair EURAUD since mid-January it follows a downtrend. After breaking the support level at 1.5720 reveals a good signal to go short.
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