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Pitchforks

AUDUSD Downtrend4HR Made a Lower Low & stopped on 4HR support 4HR created a Divergence in minor flow which might signal a pull back 4HR downtrend continues due to divergence on major flow and rejection on slopped wash line (in yellow) that happened last week. To Short WAIT for pullback of price to pitchfork's upper Edge & retest Daily resistance (Note the frequency of the pitchfork Changed in dotted blue lines) a Hidden Bearish Divergence might be best in order to open a short trade SL= upper lick of candles once reversal in minor flow is confirmed TP1= 4H support TP2= Daily support May the profits be with you!
Short
by DarthShady
USDJPY Pullback4HR Made a Higher High 4HR broke thru Major sloped wash line (in Yellow) 4HR top candle tails rejecting from weekly resistance & Pitchfork edge Major trend continues bullish to trade pullback wait for additional signals (inner candle+Fractal candle+Divergence) be conservative and trade short only for pull back If Sell: SL could be placed on top most whick of candlesticks TP1 @ 30 Pips TP2 @ 50 Pips if Buy: I will wait until price goes back to Daily Support & Pitchfork Center line to retest, wait for signs of reversal or 4HR continuation (Hidden Bullish Divergence or bullish reversal Divergence) May the Profits be with you!
Short
by DarthShady
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