As updated on telegram channel. Market is due to correction , the more it make correction from here, the better to plan the trade then
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As currently price is at the expected zone to sell (red arrow) however, there is no reliable setup yet at this moment. There is no real reversal activity at this major zone, so be cautious on this. Price could react to go down a bit, but won't form a reversal pair of candle, so it could go up higher later of the day
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Wait for this H4 candle to close, if it's inside bar, trade when it breakout its low in next candle, if it breaks up, just leave
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set tight SL, cuz it can go up later because there is no real strenght with DXY yet.
Trade closed: stop reached
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As commented above, we set SL tight when price moves in favor to minimize loss when EUR comes back its strength to go higher
Hi mate, really appreciate your method and i like How plan and easy to read your chart is. I followed you for 2 weeks and 90% accurate!!! It's already made me over 500 pips