oleziba

oleziba

Descending wedge corresponding with old resistance turned support, gives a good percentage long position and RR.

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Long setup in Bitcoin once we have a 25% retracement

oleziba

After a long bull run in EURUSD, we have now seen what could be a retracement or a turn in momentum. There is a potential huge upside on taking a short position on a retirement in confluence with an old support level turned resistance. Several retracements expected on the way down, which offers new sell opportunities.

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Potential setup for a Short in DAX on the daily chart.

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Based on a long term down trend, we are waiting for confirmation of the down side to continue and take a short trade. It is a conservative trade, and could be taking on the bounce of down-trendline, however waiting for confirmation should increase odds, but also decrease reward.