This pair is setting up for big wave to the downside. Bears are getting in at the top but currently bears are not strong enough to push the price to the downside. On lower time frame one small wave to the upside is possible with in the 1 hr channel if that wave come then look for sell from top . Good Luck fellows.
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Here is the lower time frame pattern formations. Watch the top if price test that top look for early sell at the top fellows.
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Lower degree channel broken up watch the top again for short.
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Hi fellows so far so good watch top for short. Selling with in the pattern always is a bad idea and carry huge risk. Learn the patterns you will know Entry and stop placement and the direction of the market. so far we are in the pattern so watch the top for short.
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SO far this pair is doing an excellent job. If you did not sell from top Watch for breakout and TCP after that. Dont sell on breakout
Are you following Anil Mangal's courses, because I've seen that you are using the same colors for candles, trendlines, and arrows?
nick007
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u r wrong dude , Wave Trader is the best trader n trainer ... even i can say anil is following his charts , and i m his student, n m proud to b a student of WAVE TRADER ...
plz dont compare wave trader with anyone .. He is really Best and Awesome Person ... Good Luck
AlanTradesFX
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Price respected that reversal channel and falling nicely, I missed the top entry. I wait for TCP. Thank you.
Wave-Trader
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@senejani.ali, Yup watch for the TCP no selling on breakout
sanglee1
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Do you have any update on GBPUSD? Thank you so much!
GalaletsangMompei
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THE MOVE TO THE DOWN SIDE WITHIN BIGGER TF PATTERN IS VERY CORRECTIVE. ONE MORE MOVE POSSIBLE BEFORE THE BIG WAVE. I AM INTERESTED ON SELLING HIGH IF UP MOVE IS POSSIBLE. THANKS FOR THE SETUP.. @Wave-Trader
Wave-Trader
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@GalaletsangKhupari, Yup agree thats why i am asking the fellows look for sell from top.
suavih
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thanks for the idea , if so where to put SL maybe 1,3050 ? @Wave-Trader,