We are in an Upward Channel and the Smart money just moved price back into to the Main trend to show interest as the daily Bearish Divergence Perished.
However some seller's are waiting to take the sell Pullback at Fibo Levels.
If they get Trap and stopped above the 100% Fibo, then i click the button and aim for the completion of ABCD pattern.
It is not about being right or wrong, It’s a probability game.
Below is original swing for this trade i've been holding:), at the same Finding Entry & Exit small TF.
The edge we all trieving for is just an indication of high probability of something happening.
You don't need to know and however you can't know what's going to happen next to make money.
I recently shorted this pair.
Now i go opposite.
Manual entry is recommended .
The BAT might not complete but however the structure is a very important level .
Just watch the seller's movement die reading the price action.
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Comment if any question.
Buyers showing Momentum with;
*Rsi at D Ovb
*Squeeze for indecision.
Expect breakout from Both side.
However if price break below then the Confluence we have for bullish movement will no longer be valid.
Am currently in this trade with the idea below.
Comment if your winning Trade ever turned to a loss:)
What was the knowledge you got from that ?
How do you handle that now?
Focus is mostly TP1 as it is the 0.38 and can be where the main trend will continue.
I obser at that level how much bearish to see if tp2 will call.
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Trade your plan :)
*Div on the 4h Chart.
*Friday Buyers showed their color
*Approaching a very strong Structure
*Watch price Action Before buy. if no signal, stay back
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Plan your trade and stick to it:)
This pair has a strong buy, despite the bias, we wait for the Squeeze to break in either direction to take Action.
Pullback after break will provide and good RRR.
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Comment let's share more thought.
Most importantly, trade your plan.