AmbijceOdwaga

AmbijceOdwaga

Price reacting at the 764 fib level, nicely adding up with the daily down trend, break of weekly uptrend. Looking for it to test previous lows

AmbijceOdwaga

GJ put in a decent drop trading close to the lows we have seen since Feb 2021. As such, I am waiting for it to test the 382 Fib level on this major swing. I expect some long reaction at this level. Given the uncertainty around the new Corona strain and the next actions of central banks a break of this area would open up the level for a decent downside move...

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EURNZD

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EURAUD

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EN

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GU

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GU

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GU analysis

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Anticipated meanreversion play / pullback

AmbijceOdwaga

This is a typical example of a far too aggressive trade that got stopped out but actually captured the right market move. After a significant 8 EMA extension on the 4h and 1h timeframe it was clear that sooner or later a mean reversion will take place. This was an actual trade. As can be seen the stop level was NOT place ABOVE the previous highest wick but...