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Yuriy_Bishko
Mar 18, 2019 5:12 PM

EUR/USD, bounced down from boarder of the range. Short

Euro Fx/U.S. DollarFXCM

Description

Price can start down move

Near 1.1339 is a good place to open Sell

- The price in downward channel
- Low risk
- Bull trap

Trade closed manually

Comments
Rudy1966
Are you in this trade?
infin0
I stopped out at 1.1360
VaidoVeek
I would like to know, do You have some rules about how to draw the trendlines. Looks like You searching more wicks counts than wicks high points, to me, those trendlines don't have so accurate.
Thank You!
Yuriy_Bishko
@VaidoVeek, Yes I have.

Channel can't show exactly entry point, direction only.
VaidoVeek
Hey!
I have a slightly different viewpoint, 1.14000 should be a pretty strong resistance area - several price action criteria matching each other in the blue box:

shomonrobie
Good Setup! Where would you put your SL though?
Namah-Te
Brando6
If I may ask, what makes the break "fake?"
Yuriy_Bishko
@Brando6, when price try to broke some level, buy can't do it
Brando6
@YuriyBishko, I see, i'm also waiting for retest to enter. Happy trading!
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