The ART of trading by Petar_Serbia

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Hello everyone, I found one trading idea on USD/CHF (1h chart).After the good downwards movements from September, 9 USD finaly broke down channel and created good conditions to rise agains CHF.We got selling climax around area of 0.8990 and after that we went upwards movements.USD/CHF retested channel and created very good conditions for futher bullish movement.I placed Fibonacci expansion to find potential targets areas and i got FE 61.8 % at price 0.9080, FE 100 % at price 0.9125 and FE 161.8 % at price 0.9195.Be careful with selling positions...

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Hello everyone, I wanted to do update on EUR/USD.Since our last analysis EUR/USD has been trading upwards movements, as like we expected, we may see testing of FE 100 % at price 1.3790.Be careful if you are selling and watch for buying opportunities.. Wish you good trading... {image} {image}

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{quote} Hello everyone, Since our last analysis USD/CHF has been trading upwards movements, as like we expected, we got our first target level at price 0.9080 and we reached almost second target level FE 100 % at price 0.9125.If price breaks also FE 100 % area we may see testing of our third potential target level at price 0.9195.I will observe price action and volume and will let you about updates.Hope that you took some % according this trading idea. Feel free to post comment or your view on the market... Also if you want to learn my successful...

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Hello everyone, I just wanted to post update on current situation on EUR/USD.We got shake out bar on ulta high volume which is good confirmation that corrective phase may ended.We will see tomorrow but there is a big chance that FE 100 % held and that we may continue with upwards mocmenrts.. Best Regards, Petar {image}

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Quoting Petar_Serbia

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{quote} Hello everyone, Since price reached our FE 100 % at price 0.9125, we got our second target level, we must wait now to see if price can breaks also FE 100 % so we may go to test FE 161.8 % at price 0.9195. Wish you good trading.... {image}

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{quote} Hello everyone, Since my last update price EUR/USD did successful testing of supply, so we may mark price at FE 100 % (1.3485) like end of down corrective phase.From my opinion is just question of time when we will break area of 1.3550 (previous highs), and continue with bullish trend and then to test 1.3710-1.3800. So we marked point D (end of corrective phase) because > - Fibonacci Extension 100 % held - Strong Shake out on ultra high volume (demand overcoming the supply- professional money added new bullish positions) - Lack of supply...

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Quoting Petar_Serbia

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{quote} Hello everyone, Since our last analysis EUR/USD has been trading upwards movements. as like we expexted, EUR rised 70 pips from yesterdays shake our area.I marked point D at FE 100 % so now we may see futher bullish movements and testing of 1.3710-1.800.If price break also that area,there is open target 1.4000+ but we will see,step by step... Reasons for bullish continuation > 1.Finished corrective ABCD phase (shake out volume action in combination with FE 100 % held) 2. FE 100 % and FE 161.8 % major opened so a lot of space for EUR to go...

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{quote} Hello folks, Since our last analysis EUR/USD has been trading upwards movements, as like we expected, price tested level 1.3598 on very high volume.We got buying climax on 1H chart and that is good sigh that we got strong demand today on the market and that our trading idea going in good way.WE may see very soon testing of level 1.3710 and potential 1.3800 according my volume price action analysis. Reasons for bullish continuation > 1.Finished corrective ABCD phase (shake out volume action in combination with FE 100 % held) 2. FE 100 % and...

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{quote} Hello everyone, Since our last anaysis EUR/USD has been trading downwards and rejected again from shake our area (selling climax) i marked point d like final end of corrective phase at this stage.Again, you can see how weak holders got traped and a lot of traders went in short positions around shake-out area at price 1.3480.But, as i already wrote, there is nothing tehcnical for the downwards movements since we got very good volume reaction for futher bullish, a lot of space for our Expansion levels and finished abcd corrective phase.Professionals...

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{quote} Hello everyone Since our FE 100 % level at price 0.9130 held, USD/CHF may start bearish continuation and may go to test FE 61.8 % at price 0.8830 sub major.I saw 2 up-thurst bars on high volume around FE 100 % level which is good confirmation that we got point d (end of corrective phase).Be careful with any buying this pair and watch for selling opportunities.There is a still small chance that we may see testing ofr FE 161.8 % but volume reaction around FE 100 % was very good so we marked point D at FE 100 %.... Feel free to post your analysis...

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Hello everyone, I just want to inform you that my webiste volumereaction will be ready next week so you can enjoy my analysis and discussion... Best Regards, Petar

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{quote} That's great ! I will be waiting .. P.S. : I am Nikhil Soni ( talked to you that day on skype )

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