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It The trend to the downside remains as long as it touches the resistance and does not break it, it will move to the trend line indicated in the chart.
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the...
Hi guys today ill be trading this market waiting for a break out. I move the stop loss to break even to protect my emotions and capital in this trade. It may happened or maybe not. I dunoo but im sticking to my high probability trade. Either 6% gain or 0% break even.
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On GU I see it long, but we got 2 h4 Supply Zone upfront. Let's see what scenario will happen. Watch Price Action.
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EUR/CHF 🇪🇺🇨🇭 is moving with accordance to the previous analysis. The 0.382 fib level hold and the pair bounced again from the Uptrend line and the Long Lower Shadow suggest the price will RISE!
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At the end of July, the price "exited" and broke through the strong support line. And went beyond it. Now she has returned to her. And this time I think we won't be able to break through. Opens a growth trade.
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Main items we can see on the chart:
a) Currently, the price is on the edge of a resistance zone + a descending trendline
b) There we can see a corrective structure (yellow lines)
c) The first thing we will wait for before trading is a clear breakout of the corrective structure
d) IF that happens we will look for corrective structures on the 1H chart,...