EDIT : NO MORE UPDATES Thought i posted this idea but didnt. Here it is,
W1 FORMED A BEARISH PIN BAR LAST WEEK. LOOKING TO SELL NEAR THE HIGHS OF THE PIN BAR WITH STOP ABOVE THE PIN BAR. PRICE MOVED BRIEFLY ABOVE 100.00 THE PAST 3 WEEKS. IF THIS WEEK CLOSES BELOW 100.00, IT COULD BE A BEARISH FAKEY OF 100.00 ON THE M1 SCALE. WHICH COULD SEND PRICES DOWN DUE TO FAKEY SETUP, TECHNICALLY SPEAKING.
LOOKING TO SHORT @ 100.90 DEPENDING ON PRICE ACTION. WILL UPDATE HERE IF SUFFICIENT LIKES.
H4
Comments
PriceActionTrading
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FINAL UPDATE : PRICE CLOSED BELOW 100.00. ITS BEARISH SIGN. AND MY LIMIT WAS MISSED BY 5 PIPS. NOT IN THIS TRADE. THIS COULD BE A LONG TERM GOOD SELL IF ANY RETRACEMENT IS FOUND.
aaahmed12
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thanks for the updates :)
PriceActionTrading
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Thanks my friend. But there wont be more for this pair.
marcomaher123
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Trend is your friend :)
PriceActionTrading
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Trade cancelled. H4 engulfing is valid. My entry would make no sense anymore. Looking at other pairs now.