a possible break to up if price close above 2.07748 target 2.0960 on other flip a full candle close below 2.06688 target zone 2.03889 - 2.03338
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price didnt break or close above 2.07752 (need to watch) to move up but price shows signs or reverse to down need to watch the highlighted zone for short trade
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as planned on from post price to target and if we have break above 2.0960 next target would be 2.11380 and to go short from this level
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yellow zone acted as support, still favoring long on this pair only break only break below the zone look for short entry
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again yellow zone is support a beak below 2.0726 and close below zone look for short currently i anticipate long to retest 2.1055
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Trade hit target as plan and went down !
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short probably to 2.1096 - 2.1062 a strong push could take price to to yellow zone broken before
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on daily basis long is preferred
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if price break 2.09600 next target could be 2.1181
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price tested 2.09600 as mentioned above but no break seen yet need to watch
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proptrading
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Well Done Ali!! :)
CharlieFX
proptrading
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Regarding your latest comment --
a.h1979
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:) we will wait and see price action from 2.1166 to short
proptrading
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about comment (2)
When 2.0960 is reached Scale in your position, by the same purchase amount, and move your stop up, that way you can maximize profits, whilst if it turns against you.. You still have the same stop, just maximizing a position, then half way @ 2.11740 close half your order and continue to ride the trend!
Happy Trading.
CharlieFX
proptrading
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Just Remember, if you at any time "SCALE IN" Always take the over advantage of trailing your stop, but make sure its near to potential profit, otherwise the market will move 100 pips and automatically close your position!!
CharlieFX
a.h1979
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thanks for the advise
i have posted new idea about AUDJPY need your comment
proptrading
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On you Comment / Update,
Via thinking about Elliot Wave Theorem..
The pair should be in a correction and then may head lower!
Good Luck,
CharlieFX
a.h1979
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am really glad for your advises in fact Elliot wave is something hard for me to understand i guess :) i wish to have more knowledge about the theory
but on other side am watching for candles thats why i have commented on a possible change :)
proptrading
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Go on the internet, and look at how the Elliot Wave works, I can guarantee you will understand it in an hour or two but if you keep using it now and then it will become easy to identify for you,
as it will stick out in your mind!
Also I appreciate talking to others every now and then, this is what trading-view is for! you are welcome!
CharlieFX
a.h1979
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and the other thing is 2.07748 still holding the pair from going down!
CharlieFX