D1 chart showing 3x straigh Bullish Pinbar, that failed/break. See the reaction for touch of each pinbar Low price. From below, touch #1, going down. Touch #2, going lower than previous. Now touching #3 Low price bullish pinbar candle. I expect this point for sell until at least nearest support, more than 1000pt perhaps.
@Dave-FX-Hunter, I'm looking for fresh entry only sir. Strong or not after that, depends on current market. From D1 W1 and MN, then monitor at H1 M15 and M5. As for this idea, only the D1 candle that touch shows strong seller, but candle after that is bull. So my next entry will be at higher than current.
codeblue702
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You still see GBPAUD dropping?
sahniana
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@codeblue702, current market price consolidate around the price I mark (the Low price of #3). from current consolidation, better to use ranging structure entry (buy low, sell high), so you will have better Risk:Reward. from Lowest structure of this uptrend, I see that this uptrend is too straight forward without major pullback. i think this is the point where Rally-Base-Drop.