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riiiot

Watch EURUSD

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Wedge, third push.. Possible strategy, short limit order at new high betting that the break out will fail, stop above the measured for break put to the new high, in case another leg up will came.

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riiiot Updated 

Possible short, why? double top micro doble top trading range (buy high, sell low and take quick profit (scalp)) 4 consecutive bear bars (selling pressure) What the cons? price stalling on the EMA price is making higher high and higher low (up trend) price is going sideways for about 20 bars probably will keep going sideway

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three bear bars closing on their low to the moving average and now a pull back , a lot of dojo and lack of conviction to buy for the bulls. Possible will form a lower high and fall down for a measured move

riiiot Updated 

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. I consider this trade a scalp, to me it looks like the price is forming a triangle and it could break up or down (as all the triangle do). In case will break up the price will test the previous swing high at 1.6672and then decide to revers (higher probability) or break above. Possible strategy now could be entry short, but if so, you must be ready to exit...

riiiot Updated 

The price is close to a supply zone on daily chart. On the hourly chart the price move inside an bull channel and right now it is in tight trading range (past 11 bars). It means that for the next few hours should remain in the tight trading range, the tight trading range it is even a bull channel and so even a bear flag, the probability that will BO from the...

riiiot Updated 

The price could be forming a bear flag, lets see if there will be a rejection on the 20 EMA and will form a low 2 entry double top at the moving avarage

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Price I forming a wedge shaped pattern, in this case the strategy is buy low and sell high. Probably the price will reverse soon, maybe we will have another push up and then a reverse. 75% of the times a wedge breaks on its low, 25% breaks above a go for a measured move based on the height of the wedge, sometimes before breaks on the downside before breaks on the...

riiiot Updated 

Trading range PA, (big high, big low big confusion), sell with limit order on previous high or wait for a signal to short with stop (the entry strategy could be different)

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GBP NZD is on the top of what it looks like an expanding triangle, so it means that we should look to short, before entering short some kind od short need to form (micro double top for example), since the previous bull bar are strong (3 bull bars closing on their high).

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If the candle close on its low enter with sop on the BO, if not wait for a low 3 entry short.

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Break out of the trendline and the 20 EMA, higher low pull back, probably not enough to start an up trend, more sideways is required and buy pressure must increase. Right now the odds favors trading range or up trend. Look for long entry, higher probability if a double bottom will form.

riiiot

Good selling pressure in the past hours, 4 bears candle closing on its low, this means possible major trend reversal. Ideally would be perfect see now a pull back lasting 4-5 hours to make a lower high major trend reversal and the find a signal to enter on a short break out. Another good point is that there are bars completely below the he EMA, it is a sign that...