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When the retrace was broken last time it cleared straight to 78.6 and beyond.
This idea is a bit late unfortunately and is working on the weekly time frame.
If you plan your entry well, you could still have a decent long position.
Long set up
Bullish above 1.0925 with profit target at 1.11
There is a possible pullback to broken trendline around 1.087 - 1.083 before moving higher
Alternatively bearish below 1.075
regardless of the cycle in control, we should get a minor pullback coming soon (maybe 1.07200), followed by a decline into the 4th wave before we make a play into 10855
1.05 - key resistance level
Bullish outcome:
1. Daily close above level 1.05 - targeting levels 1.056, 1.063 and 1.078 above it.
2. Close above 1.05 - go to 1.056, then bounce back off 1.05 and up again to 1.063 and possible above it.
3. Bounce of around 1.045 and then close above 1.05
Alternatively bearish daily candle closing below 1.045 and open the way to...
Hey Traders,
As simply as this. We are gonna trade the breakout of this flag. But we are already in the trade from way below.
I would not miss it!
Carlos
WE HAVE TO LOOK HOW THE PRICE WILL MOVE INSIDE THE ZONE THAT IT IS NOW AND WILL LOOK FOR BREAK OUT !
MOST % HAS TO GO DOWN BECAUSE IN 1D CHART HAS FORMED A BIG DOUBLE TOP AND THE RESISTANCE @ 1.07300 IS TOO STRONG TO BREAK RIGHT NOW SO I PUTTED 1 SELL ORDER @1.05600 AND TP@1.03600 AND ONE BUY LIMIT @1.07700 AND TP@1.09200
TRADE WITH A PLAN GUYS AND WITH CARE !
Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential long position for at-least 600 Pips, It has a potential for 1100 or more pips, the minimum expectation is 600 Pips from this trade !
This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points.
.TP & SL are mentioned in the...
