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Concerning final months trades, I’m having difficulties to view The main reason for coming into the EURCHF, EURJPY and AUDJPY. I couldn’t see any clear rejection at the point they turned, apart from just enjoying assistance and resistance and trendlines (which I feel has no edge on its own).
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Allow me to also increase….if your weekly is often a reversal for you personally, pure cost motion plays on reduce time frames as you play bull flags to the upside.
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You could definitely counter trade when anticipating a pullback When the problems are right. It had been an inexpensive failure examination of lows on the CADCHF…do you necessarily mean CADJPY?.
That will be suitable. After a momentum go down, Lots of individuals just shorter the breaks of momentum candlesticks. There isn't a edge there. After a sector extends like that, the tendency is imply reversion.
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Reply Shingi Hi SD, yesterday Monday, the USD just received so sturdy a lot of that every one the setups have been postpone. I checked the information and there was no higher influence information in regards to the USD I wonder what induced it to be so solid.
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Having said that…..for those who look at the CHFJPY as an example….that is a robust move against the past leg down. What do I say about pullbacks? We want a lazy pullback. In hindsight, I should have discounted that chart simply because as of your time putting up, the sturdy move was by now present.