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1234

Bridge of Khazad-dûm (pt. 2)Checking in on the big elephant in the room. This proposed breakout is backing into its corner nicely. Where 10 days ago the proposed 1234 breakout was sitting at >$11,500USD, now on 3/17 the breakout is down to just under $10,500USD. In the spirit of "St. Patty's Day", I'm sure we'd all love to see a nice green upward trend kicking off, but I wouldn't mind waiting it out to drive that potential breakout price down even further before jumping in. At this pace, the 1234 breakout would be at >$9,500 come 4/01. Patience is the Hunter over here! ....Now back to buying more TEL on KuCoin.com!
BITFINEX:BTCUSDLong
by samuelamr
EURGBP SHORT BASIC STRUCTURE + 1234Looking at EURGBP, price has been a down trend since April this year. Price has retraced to touch the 0.618 RETRACEMENT OF XA. The 0.618 - 0.718 RETRACEMENT ZONE also confluences with a major structure level, the previous high! Looking deeper, we see that the retracement is also a 1234 SETUP, confluence with RSI DIVERGENCE and a DOJI, whose upper wick extends into the 0.618-0.718 RETRACEMENT ZONE. Would be a fantastic setup to short. However, bearing in mind the EU Referendum happening on 23/06/16 which will decide if the UK will stay in the EU, i will probably sit this pair out, at least until the storm passes!
Short
by xerxeschongxian26
NZDJPY ABCD/1234 SHORT Found what I thought would be a simple shorting into a downtrend when price retraced to the 61.8 RETRACEMENT of the impulse leg XA Further inspection of the RETRACEMENT LEG ABCD revealed a 1234 movement, which terminates at the 1.272 EXTENSION OF AB . This level has further confluence with structure on the left and with the 61.8 RETRACEMENT OF XA. This will be our ENTRY ZONE Price seems to have neared ENTRY ZONE and retraced. Planning to enter a full position @75.41
Short
by xerxeschongxian26
CADJPY longweek to week cadjpy registers a higher high and has been trending up for the past 5 weeks. I do not wish to try to pick the top. Instead I look to continue to trade with the trend. Right now there is channel forming , sort of like a bull flag. There is also a price macd divergence so I am looking forward to see a subsequent up move. In the blue circle, I am looking for signs of testing, at a d1 line chart support. if successful, I will look to long in as part of the right shoulder of a hns. target 1 will be previous week high n tp2 look to ride
Long
by nakedchartist
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