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Ichimoku_Trader
Apr 30, 2016 10:37 AM

The pair to trade in May... Short

British Pound/U.S. DollarFXCM

Description

1. A perfect abc
2. An easy to make bull trap
3. An awesome "CS" setup
4. A long way to go down
5. Matching time / price oscillation frequencies

Wow ... what more can we ask for
Good luck

Comment

Possible bull trap in the making
Could finish materializing at 1.4750

Comment

This chart has been updated with a new one
Comments
jangseohee
Ichimoku_Trader
That too

Thanks
captain_smollett

Got 1.487 as a target for this wave
Ichimoku_Trader
well that's above WR2
I would be worried about my bull trap if we reach that level but then we can just do the CS setup

Let's see
Thanks
captain_smollett
It still can be a perfectly valid bull trap. For W5 I got a target of 1.34 so... I was checking my setups and many of them looked like not counting with such a "dovish" FED. So, many waves are extended and over-extended. It´s all about the USD, just need to spot a moment when the market will decide to give it a rest
Ichimoku_Trader
OK
But, I hope it doesn't go that high
Ichimoku_Trader
SalmanKhalek
My first trad, thank you for sharing your experience.
Ichimoku_Trader
Good luck
MarcielSouza
Hi Master,

let me see, we are waiting for a reversal signal as you told "how to trader..."?

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