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SELL

SWING TRADE- GBP/USD- SELL FROM 1.25500-1.25700 REGIONCONTINUATION GU - FROM 1.25500-1.25700 REGION LOOKING TO GO SHORT GU FROM OUR BLUE ZONE WE HAVE CONFLUENCES THAT AT THE 1.25500-1.25700 REGION WE COULD SEE SOME SORT OF SELL OFF IN THIS REGION WE HAVE 61%FIB ALSO A TREND LINE AND TWO PRICE GAPS THAT HAVE TO GET FILLED UP IN THIS AREA ALSO WE HAVE ELLIOT WAVE WHICH LINES UP PERFECTLY WITH THE 4 WAVE I THINK THIS IS JUST A PULL BACK BEFORE WE SEE PRICE DROP TO AROUND 1.22500 THIS IS WHERE OUR FIRST TAKE PROFIT IS OUR SECOND TAKE PROFIT IS 1.21700 THIS GIVES US AROUND 320-400 PIP TARGET DEPENDING ON ENTRY SELL LIMIT 1 SELL LIMIT 2 ENTRY; 1.25550 ENTRY;1.25700 TP;1.22500 TP;1.21700 SL;1.25750 SL;1.25850 R:R; 1:15 R:R; 1:26 REASONS FOR GU SELL 61% FIB DOWNWARD TREND LINE LIQUITITY TRAPPED IN 1.25500-1.25700 R2(INTRADAY)(15) 4TH ELLIOT WAVE - MEANING NEEDS TO AST LEAST GO BACK TO PREVIOUS LOW I WILL LOOK AT PRICE ACTION BEFORE ENTERING THIS TRADE LOOK FOR BEARISH REVERSAL ON LOWER TIMEFRAME IN THE AREA OF 1.25500-1.25700 IF YOU SEE BULLISH MOMENTUM PAST 1.25800 DO NOT ENTER TRADE AT YOUR OWN RISK
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by Carlos44
EUR/JPY- SELL- CONTINUATION - DOWNTRENDLOOKING AT EURJPY YOU CAN SEE WHAT BEEN IN A VERY LONG TERM DOWNTREND WE CAN SEE ON THE CHART WE HAVE STARTED TO MAKE LOWER LOWS,LOWER HIGHS MEANING WE ARE IN A VERY NICE DOWNTREND WE CAN SEE ON THE CHART THAT WE HAVE COME BACK UP TO THE TREND LINE AND WE CAN ALSO SEE THAT WE HAVE SEEN PRICE SLOW DOWN ONCE WE GOT TO THE LEVEL OF THE TREND LINE MEANING POTENTIAL SELLS REASONS TO SELL EJ 61% FIB RESPECTED SHOULD DROP TO PREVIOUS LOW 4TH WAVE COMPLETED NOW WE ARE GONNA SEE SOME BEARISH MOMENTUM TO COMPLETE WAVE 5 DOWNTREND CONTINUATION TAKE PROFIT IS IN BLUE ZONE THIS IS A NICE REGION TO START LOOKING TO EXIT THE TRADE SELL EUR/JPY ENTRY: 120.300 SL:120.500(20 PIPS SL) TP:118.500(200 PIPS TP) RISK TO REWARD 1:10 IF WE BREAK ABOVE 120.500 LEAVE THE TRADE AND WAIT FOR ANOTHER SET UP TRADE AT YOUR OWN RISK
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by Carlos44