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heading to huge resistance double top and break and retest. This is the perfect storm
when uj break resistance buy and slowly take profits evry 10 pips
wait for confirmation at support. stops go below the low wick to the left.
once price breaks a zone it is likely to continue further
The market has a setup for a counter trend long trade. The market setup an ABCD pattern and is now ready for a pullback after a strong bearish move. The overall trend is hard to determine right now but this is an easy 40 pips.
as usdjpy heads up for a wick fill there is a hidden break and retest of a major zone. here are the buys im taking before the upcoming shorts.
simple break and retest strategy
after a strong bullish pullback into structure the market is likely to flip bearish again. make sure you have a strong reason for entry because the market can reverse at any point.
Enter at the 6.18 fib retracement take profit at wick fill