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Pullbacktrade

EURUSD - Higher Highs in Consolidation @ Weekly Support*** Trade at your own risk! *** *** Not every idea is also traded by us *** Hi Traders! The idea of the market is that the Downtrend has turned to a Range. Because the continuation of the Downtrend often happens at the weekly Trendline, the market pulls back towards the weekly TL. Let's check the little MTFA components out which led to this idea: Weekly Stage: - Price at weekly Support - Normally Trend Continuation when weekly TL arrives --> In this case is the weekly TL far away, that's why we don't have to resist against this problem --> It's even the other way round: Price/Bears now has/have a target to wait before Downtrend continuation Daily Stage: - (just marking daily Support and Resistance) H4 Stage: - Market made higher Highs in Downtrend - Downtrend turned to Range, where we have higher Highs - Bullish movements a bit stronger than bearish movements Possible Entry Scenario: - Wait for the last fractal Top to break - Wait for Retest - Trade at Retest - SL below last low - TP at the Fib' Golden Zone + weekly TL If you have any questions or another POV, feel free to comment! Thanks and successful Trading :)!
Long
by swissmoneymakers
USDCHF MOVE ON COMING MONDAY ANALYSIS USDCHF had currently broke through it's resistance and we would not choose to enter the market at such a high price. As a smart trader we should wait for the price to have a small pullback but alot of trader would enter at a much higher price because their indicators told them to do so and this one of the way that bank or big institutions manipulate the market . As shown in the chart we have a good fibo level of 50% and is a good area to enter . COMMENT DOWN BELOW OF YOUR OPINION AND LET'S IMPROVE TOGETHER. If you enjoy my content please like and comment . Thank you very much successful traders happy preparation day!!
Long
by overbecktrading
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