weekly chart says it all
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if none of the following candles make strong selling momentum look for buys instead. momentum of sell should be quick. if not then its a bad sign
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structure has changed. i said that if none of the following candles make strong sell momentum then look for buys, well, price rejected the sellers momentum so structure changed and now we can look to enter long.
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price is headed up nicely. i already had taken profits on my long positions which i posted an update for, but for those that are still holding your in the clear for a few more pips. there are 2 ab=cd patterns completing around the same area. this is an area of interest to me. if price reacts around the 0.77832 level, then i will once again open short positions
www.tradingview.com/chart/wZb7vz8q/
www.tradingview.com/chart/wZb7vz8q/
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posted the wrong link. this is the screenshot.
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after ab=cd completion in boxed zone
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200+ pips since ab=cd completion and we got the daily chart break of trendline.
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almost 400 pips on audusd!! sellers can hold for the 78.6
David K Giraldo
