allright folks, this one is a good one. tp1 50% of the first position (left green square) at 1.73900 right before previous zone + psy. level of 1.74000. Add a position on the 38% fib, and I closed the 2nd position (1.70781) at first resistence zone 1.72000 (psy. lvl). Tp for the 38% add-on is 1.72440. Letting the lower position at the bottom (1.70608). Then I expect a big move either returning at first entry make a double bottom, or a continuation toward 1.73900 before pullbacking.
We had the same setup at the same dates on GBPAUD: August 20 to September 11 -- massive drop from 1.84000 to 1.75000
Same thing is happening right here: October 20 to November 11 -- massive drop from 1.80000 to 1.70000
Often, currencies tends to repeat between themselves overtime.. and that's what we are seeing right here.
bienvenue a bord les amis
We had the same setup at the same dates on GBPAUD: August 20 to September 11 -- massive drop from 1.84000 to 1.75000
Same thing is happening right here: October 20 to November 11 -- massive drop from 1.80000 to 1.70000
Often, currencies tends to repeat between themselves overtime.. and that's what we are seeing right here.
bienvenue a bord les amis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.