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Buytosell

EURAUD BUY/LONG RETRACEMENTFirst lower entry: (5MINUTE TIMEFRAME) 88.6% fib retracement area. Imbalanced price action on 5M timeframe & 50% of last institutional move that took previous liquidity. Second entry: (30MINUTE TIMEFRAME) 78.6% fib retracement area. 50% institutional area of last bearish move before the bullish move upwards. Mitigation area for smart money to close out positions. 4H higher TF bias is downtrend. Entering countertrend to buy up and sell off around TP3.
Long
by nonstopkev888
AUDNZD Buy to sellI happen to notice a downward trend forming, particularly on the 2 hour time frame was easy to notice. I drew two trend lines, and saw price had bounced off the bottom trend line. Therefore I may have waited for a sell from the top. However, I did notice price start to retrace back down. But came close to the bottom portion of the trend once again and went for a buy. As price started to go up, i drew the fib from the new low, to the previous high. Now I have a take profit area, matching the upper trend line with the fib tool. And from there will proceed to look for a sell set up.
by limitlesslee
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