TheSnowFlake

TheSnowFlake

UPTREND- waiting for the price to touch the resistance and then a confirmation to buy.

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There was not a retest of the triangle , price touched directly 1.3100, now the price touched a big resistance and we can expect a move on the downside. Still waiting a candle to be formed to confirm or a rejection.

TheSnowFlake

Prices break the resistance 1.30000 , so we can expect the market to go long after a retest. Short now--> tp:1.30000 Wait a retest and go long --> 1.31000

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ASCENDING TRIANGLE

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Price touched the resistance of the triangle, two possibillity: -I am waiting for a reversal signal/rejection to enter on a sell OR a break on the upside and wait to a retest to enter on a buy.

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two possibilities:-break the triangle on the upside, retest and go up - break the triangle on the downside, retest and go down

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Triangle

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we have a formation of 3 candles that shows a clear rejection of the price , wich means the market migh reverse and go higher.

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TRIANGLE RETEST -still waiting for a candle to confirm or true rejection

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After the trendline in the upside, a breakout occured and we saw the market doing a correction in the downside. So, if the price pass the lower high it my end the correction and continue to go up, or the correction isn´t over and if it breaks the lower low it might continue to go down.

TheSnowFlake

There is an opportunity to trade de resistances/ support of the triangle or the breakouts ( up/down) wich means a potencial continuation.

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RANGE - Sell Limit / Buy limit

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break out

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support/resistance

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Trend

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if it breaks 1.3500, migh go higher.

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short

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Resistance