Bonjour gentlemen,
Hereby I am about to enter and share 1 of my rare A+ setup.
Enter SELL if M15 close below 1.27320.
SL recent high 1.27672
Confluences:
1. I use a special kind of MA that has a very high probability of getting respected, as you can see so far in Aug price never close above it and reject it to go down, major trend still down.
2. If I took the entry, it also means price closed below "1st day of month low".
3. Price action wise, multiple rejection towards the "1st day of month low" with long up wicks, it also printed an inverted V shape (bearish pattern).
I believe it is a matter of time the setup will actually materialize (within the next 15-30 mins from this post), it is very close to the entry point now.
Aim for high TP, 2x minimum, then set it to breakeven and let the rest run.
Aug has been deceptively rangey so far, looks like downtrend but not quite, no smooth and strong move in 1 direction so far.
Only a matter of time we see such a move, and I hope it is this time, Aug has been boring until now.
Few hours later FOMC coming up, it could be a catalyst to push price.
DUMP IT.
Hereby I am about to enter and share 1 of my rare A+ setup.
Enter SELL if M15 close below 1.27320.
SL recent high 1.27672
Confluences:
1. I use a special kind of MA that has a very high probability of getting respected, as you can see so far in Aug price never close above it and reject it to go down, major trend still down.
2. If I took the entry, it also means price closed below "1st day of month low".
3. Price action wise, multiple rejection towards the "1st day of month low" with long up wicks, it also printed an inverted V shape (bearish pattern).
I believe it is a matter of time the setup will actually materialize (within the next 15-30 mins from this post), it is very close to the entry point now.
Aim for high TP, 2x minimum, then set it to breakeven and let the rest run.
Aug has been deceptively rangey so far, looks like downtrend but not quite, no smooth and strong move in 1 direction so far.
Only a matter of time we see such a move, and I hope it is this time, Aug has been boring until now.
Few hours later FOMC coming up, it could be a catalyst to push price.
DUMP IT.
Road to retirement before 30, GBPUSD only, Daily only.
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