Hi,
what does these pink circle mean
what does these pink circle mean
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DislikedThe above is AUDUSD M30. Shi channel params are 1440/240
[b][color="DarkRed"]1) You have to put in the red TL on your own
2) We are at the channel top
3) We are above WP
4) We can go both up and down
5) Need to watch for triangle break out now
6) I personally prefer downside target. Highlighted the possible entry
7) However, 1.0020 is also a monthly pivot
8) Break above MP ---> LONG trade
9) What is the TP if we break MP?
10) You use AWR to find possible TP.
11) AU AWR is 400
12) Week low is 9750
13) 9750 + 400 =...Ignored
Dislikedright! Would be good to see it retreat back to 1650 for a clean BUY signal, alternatively (not great but OK I guess) we should look for M30 candle close above 1675 to get in LONG for 1700.Ignored