After more than a month of a downtrend, we're ready to go north. Potential sell zone marked on chart.
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From the upper edge of buy zone price went +120pips so far or 170 from publishing this analysis. I suggest closing 1/2 of trade and rest secure with SL at break even.
that candle shows supply overpower ing demand it show the breaking of a major support these buyer will get trap on its retest bl
rizkchadi
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h i like your ideas soooo much , can you please put more forex ideas? plz, thx
ProsperoFX
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@rizkchadi, I trade mostly on D1 timeframe with oversold/overbought levels. There are not many occasions on such a high timeframe. On the other side, it's always better to make less analysis/open trades, than try to catch price movement on M1/M15 TF. Please subscribe and with you many pips!
theshrimptrader
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Personally, I tend to believe that unless that candle is broken, short position can be set up. Thanks for sharing!