OK SO I USUALLY DON'T TRADE THIS PAIR BUT I WANTED TO THROW A COUPLE EXOTIC PAIRS INTO MY ANALYSIS FOR THIS WEEK. OK SO IF YOU TAKE A LOOK AT THIS PAIR YOU CAN SEE SOMETHING PRETTY SIGNIFICANT THAT JUST RECENTLY HAPPENED TO LEAD TO THIS ANALYSIS. IF YOU TAKE A LOOK JUST IN LAST COUPLE DAYS YOU CAN SEE A LARGE REJECTION TO THE DOWNSIDE AND BUYERS COMING IN TO PUSH PRICE WAY BACK UP ACTUALLY CLOSING PRICE FOR THE DAY ABOVE THE RECENT STRUCTURE SUPPORT. THIS DISPLAYS THAT THE BUYERS ARE VERY INTERESTED IN BUYING THIS PAIR (REASON DOESN'T MATTER TOO MUCH). SO WE CAN SEE THAT THEY ARE INTERESTED IN TAKING PRICE TO THE UPSIDE AND THAT THE SELLER DIDN'T HAVE ENOUGH CONTROL TO STOP THIS REJECTION TO HAPPEN; DISPLAYING BUYER CONTROL. NOW EVEN THOUGH PRICE ISN'T UP-TRENDING THE REJECTION, MOMENTUM, AND COMBINED WITH STRUCTURE, DISPLAYS A GOOD POTENTIAL BUY OPPORTUNITY. LOOK FOR CONTINUED BUYER MOMENTUM (INTEREST) AND GOOD RISK/REWARD RATIO!
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Trade closed manually
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Sellers displaying too much power/interest. Not strong enough case for a potential lint at this time! On to the next !
Comment
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STRUGGLING TO MOVE UP ATM. BUYER MOMENTUM/INTEREST ISN'T CLEAR AT THE MOMENT. STANDING OFF FOR LONG ATM.
Comment
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TRADE ACTIVE. BUYER MOMENTUM AS WELL AS DOUBLE BOTTOM WAS FORMED WITH HIGHER LOW ON THE DOUBLE BOTTOM. ON THE MOVE TO TARGET ZONE
Trade closed: target reached
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Target Zone was hit before very aggressive drop. Good take profit zone, on to the next one! Good trade and decent timing