Firstly, keep in mind that this plan is set apart from Trump's inauguration tomorrow!
1. Short scenario: * 2 Targets. * About 225 Pips. * About 4 days execution.
2. Long scenario: *2 Targets. *About 130 Pips.
*** DO NOT enter now. You need to watch and catch the chance if requirements on the chart are met.
Regards
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Hanging on line. Needs to be followed up.
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Current candle will close in about 20 minutes from now. Watch it closely, If t closed below the marked BLACK horizontal line, then sell it to 114.005. This line is a confirmation to the pre-support above it.
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Still bouncing in the non-trading area. Breakouts should be taken seriously.
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Its important to read this notice for those who are following this plan:
*Current price action is stressed. 2 candles closed below the marked line. yet being pushed up for yesterday's and today's events. Yet! the price is bouncing in the NON TRADING AREA.
I would say, Closing below 114.510 is bearishing directly for a 100 Pips to a quite strong support @ 113.980.
Bullish scenario: Due to todays events, a breakout of 115.650 is an absolute bullish action to the strong resistance116.250.
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A high potential bearish movement is expected to 114.005.
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First target is hit. Lets see if it succeeds to penetrate the current support line.
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If 113.700 is broken, then we will have a good potential to go as low as 112.600.
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Bearishing nicely according to the setup. Next target still 112.600.