CADJPY – Rate ripped throughout the zone I used to be thinking about for a protracted trade. Since momentum arrived in the pullback, longs from the pullback came off the desk.
In hindsight, was it feasible to trade the long bearish candle following the pullback in lieu of make an entry following the candle experienced closed?
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Reply Shingi Hi SD, Did you miss out on the USDCHF mean reversion setup this 7 days otherwise you did not believe that it had been going to yield greater than a hundred pips?
Reply SD I don’t get caught up in patterns such as head and shoulders to be honest. EURUSD longs are still in Perform unquestionably And that i’ve been bullish (even though “everyone†was bearish) for rather some time now on EURO.
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CADCHF – Setup chart had us wanting to see selling price action at the momentum significant. We also had an area underneath that we preferred rate to drag again to . Four hour chart assortment crack reduce for 88 pips.
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