We are at a weekly/ daily trendline low - looking like a good time to look for some upside on this uncommon pair for those interested in looking at something a little different this week :) Happy trading!
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Daily structure for reference - do we have one more up move?
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nice move up - beginning of the daily breakout.. if you are not in a good flag correction/ or small structure below or above the upper 4h TL should form to give us another buy opportunity!
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correction -- *beginning of daily breakout* should have been-- beginning of daily upside?
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current move up is about at bigger trendline so may get a deeper pullback here.. but going well so far.. waiting to add on..
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short term sell set up for pullback before the next buy up - you may be able to sell this if you are a skilled trader, and can trade the lower TFs - otherwise get the next buy..
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this is looking like a buy of this break may be a good idea
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we can correct more and on the lower TF this has been messy, but we have now a nice looking EW flat structure completed we can see here.. THIS DOES NOT MEAN BUY NOW.. but now i am interested in looking for a buy set up.. as this looks pretty nice for completing a move back to the top of the bigger daily structure.. happy trading!
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now on the 60 we have a nice move up and starting to get the correction/flag.. let this correction complete then buy the breakout of correction for the move back to the 4h line above (see previous update above)
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docholliday
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out of trade for now.. expecting deeper correction, may even sell on lower TF, then look for re-entry .. nice profits booked today.. news later so be care all in buy!