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NZDUSD SELL SETUPThis is a sell setup for me.We have a 1hr impulse followed by an abc correction so far,it may be a more complex correction we dont know that thats why its better to wait for the breakout until you sell. If you are an aggressive trader you can sell the 0.618 fibonacci level with stops above 0.7370, which would give you a great risk reward ratio but with a greater risk of being wrong. Targetting 0.72000 first then 0.71000 and if it goes there we'll wait for it to break or bounce from that trendline
Short
by d_ademi
AUDCAD SELL SETUP This is AUDCAD 2-hour chart where we can see the impulse down, now this pair is in correction and we're looking to catch the next impulse down.Traders who are more conservative with their trading should wait for the breakout since its a safer entry, because we dont know for how long this can consolidate before it goes down.For traders who are looking to get this trade earlier, there is a sell setup on lower timeframe and I'll get into that if I can and I'll put it in breakeven and wait to see if it breaks, which would give a great risk-to-reward trade, or it takes me out at breakeven and makes more correction moves before the next impulse.Trade your plan
Short
by d_ademi
XAUUSD - EXPECTING 1200 AND LOWERAfter bouncing from a major weekly trendline with bearish divergence,we're only looking to go short on this market.If you missed the first opportunity which was the breakout of that previous correction, another place to enter the sell would be in the breakout of this next corrective structure.This may be a deeper correction so don't rush and be careful. After breakout price may stall a bit before going lower but if it does, it may hit 1200's and lower.Trade your plan,plan your trade. Look in the comment section where weekly and daily chart is shown.
FX:XAUUSDShort
by drin
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