after getting stopped out on this pair not long ago, i'm back here because my analysis finally became true. Indeed, we saw a reversal of the trend starting at 1,6680. This change of trend is signaled by a sequence of lower lows lower closes that broke the main support at 1,64. At this point, i know my bias is confirmed by price action and i'm willing to take this short if price will give me a comfortable place for getting involved: right now, i'm looking at the yellow box to see whether price will create a small double top or not. If it will, i'm going to pay attention to candlestick patterns to take a short from there, looking for targets as shown above. I'll update you.
If you want to share your vew/ideas, feel free to write below. Otherwise, see you in the next chart!
액티브 트레이드
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코멘트
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Stop moved to breakeven (we got 90% of the target).
Let's see how both of these levels are strong.
There can be new opportunity for short.
VBTrading
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Hello Roker,
There can be some Long opportunity from H4 pinbar.
Also this pinbar didn't replace local low.
(I trade bar patterns)
VBTrading
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Local Long opportunity I mean.
Upd.: Got TP from the Pinbar just now
Roker1
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@VBTrading, thanks for your comments. I wouldn't consider a long opportunity from here because we don't have good structure looking left. But this is how i trade, everyone has a different style, if you managed to take some profits on the long side, good for you. Have a nice day
There can be new opportunity for short.