As you can see ideal buy lvl a little bit lower at 1.0870/40 region. Market trying to pressure fiber atm, but if 1.0963 surrender we will not see this lower tgts already. Cheers!
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Intraday shorts if you keen on shorts cud be est. at 1.0966/72 lvl with tight stop Longs if broken above 1.0981 cud tgt 1.1069 as main day trading tgt.
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If you trade short side be aware that it is valid if you think the top is done and we get under resistance lvl on higher tf's, only then you can open short with tight stop, regarding WlWv short setup on the 3m GP. Cheers!
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Trying short side with tight stop. GP you can find inside.
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Minor short setup within MT strategy closed at 1.0904-08 lvl. Cheers!
@LamaBlack, Purple line on this GP is monthly trendline. What to expect while we see such sharp rejection under 1.0967-77 lvl? This is a bit scary to buy here, but I will try without fanatic attitude to this altitude. Stop seems need to be closely watching under purple line.
AlpacaBlack
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@LamaBlack,
AlpacaBlack
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@LamaBlack, Nice upturn, but we can expect another touch of trendline to confirm that it was low or not, so I will sell this first reaction.
AlpacaBlack
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@LamaBlack, You can ask why so? But, why not. I fix almost 50 pips in profit that can be count in another long position as already a pillow in case of fall under s/l occurs.
AlpacaBlack
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AlpacaBlack
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@LamaBlack,
transparent-fx
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I broke it down as well, this is what I have on it