This pair broke structure, and I caught and my private trading group caught the move (see related ideas).
I am now seeing a new buy opportunity. It pulled back after impulse leg, allowing a new buy opportunity to add to/create a new position on the EURUSD. The first leg broke structure and was impulse, so I am expecting this an ABC pattern with the C leg being extended as would expect with an impulse leg.
Thank you for your support.
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EURUSD pushing to highs of the structure, I hope you have your own tested trading strategy to trade this move.
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ChimbOt
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Conflicting ideas?
TomProTrader
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@ChimbOt, Both ideas are long. Can you explain what you mean by conflicting?
ChimbOt
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@Tom_Killick, LONG EUR/USD = BUY EURO /SELL DOLLAR|||||| LONG DXY = BUY DOLLAR,,,,, Do you understand, how they are conflicting?
TomProTrader
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@ChimbOt, I see. I thought the picture above was EURUSD, was not reading properly. Not conflicting at all. Simply changed my mind, you will learn this in trading soon. You need to be able to change your mind. It's like business, you need to know when to act fast, and when to do ABSOLUTELY nothing.
ChimbOt
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@Tom_Killick, @Tom_Killick, I tote the skill of versatility. but Thanks, Just pointing out that they are two conflicting ideas as there was no update.
Anyhow i disagree with THIS* idea.
One more target :
Dollar will fall. I agree with Tom's outlook on this one.
ChimbOt
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@Tom_Killick, Soooo is there any update?
TomProTrader
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@ChimbOt, Yes, I updated this idea a long time ago in a new idea altoether. See my new EURUSD idea. And in comments a trading explanation if you want to attempt to learn my trading process.