618 retrace of previous swing bearish flag formed Monthly Pivot second rejection RSI not broken in downward trend. If trading the Flag, wait for a break, if you are aggressive potentially buy here.
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reversal at top of zone, money...
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We see some accumulation in the zone, if we open up the chart a little we are looking at the last 2 impulses, will we repeat?
Trade closed manually
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Break above here will be looking at he next target. Will be looking for Divergence around completion of pattern
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Really got suckered out of this trade after what looked like a breakout to the upside. now 100 pips south This is market life and move on to the next trade.
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YounesAb
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flag get knocked already , so forget about bear it look like a '' flat '' trend is comming ,
Swerver
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@YounesAb, Until we close above the area on the 4HR area the trade is active, so far we only see rejection at this area.
I manage trades, took some profit on the first drop, still 2 more partial positions open.
Swerver
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@YounesAb, the rise before is now @ equal distance, as the last impulse.
Its always possible we can move up, I generally reverse trade, so look am looking for these areas, if we break through then yup we will trend higher