1. Hit a recent high. We except bears to correct to a certain bottom. 2. We are fighting the main trend though - trading within the cycle! 3. Prices were fought back by bears as seen from the candle at the recent high, implying strong resistance level.
Trade active
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Comment
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Low probability trade, but we want to test if our analysis is correct. Expecting a correction of about 15 pips if trend is truly bullish!
Trade closed: stop reached
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Hit Stop. Did not reach our required movement downwards - will continue to monitor