tntsunrise

EURUSD SIMPLE RANGE TRADING

FX:EURUSD   Euro Fx/U.S. Dollar
7044 38 145
EURUSD             SIMPLE RANGE TRADING
1: break down and pull back , short
2: did not break, then we long and short
at the other side of the range.
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Break down
wait for pull back to short
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look the pull back, check the price action
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use AB=CD correction move for entry point
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Seems today it will pull back to the zone
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Comment: short the pull back
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I'm a bit confused, do you mean that we can take short around 1.12829??
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Hi JACK. This is pull back, It suits us?
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Sababa Sababa
I mean short now 1.1319?
Reply
will be good to short at pull back
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Sababa tntsunrise
thanks, i short from 1.1319.
what do you think about GBP/AUD now that go up?
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Thanks Jack I have a similar idea with price dropping back to the daily trend line around the 1.11 range
EUR/USD
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very nice
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nahidik PRO tntsunrise
thanks
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Hello Jack, I have some few questions if you don't mind. When we use 4HR Time Frame as reference for entry point,how long does it take to expect the course of direction to shift? Should it be monitored under the same time frame or in the lower time frame? What is the normal range of pips in a day for a continuous momentum, inclusive of retracement period? Your response to these queries are highly appreciated!

If you have some books highly recommended for reading please send me the name and the authors. Thank you so much for your time.
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