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Good Setup On EUR/AUD With A Good Detailed AnalysisPrice is standing at an old Resistance area that pushed the price strongly to the down side And now it Turned into support a pretty strong support and on the daily timeframe the price failed multiple time to break it we need to keep watching the price on the 4h time frame and to see the price reaction to the area this time if we have a good bullish price action we can enter a buy trade and put our target at the previous high if the price managed to close below the area on the daily time frame it will be a nice sell setup
by Forex_Wealth_Factory
Rectangle Pattern In EUR/CAD With Tutorial On How To Trade It Rectangle pattern Consists of Up trendline + strong resistance in order to know where the price will go next just check where the price will break first * if the resistance is broken : you can wait for a good retest and enter a buy trade as this will help in having a small stop loss * if the tendline is broken also wait for a retest to enter sell or you can wait for the final higher low to be broken to confirm the movement to the downside
by Forex_Wealth_Factory
TRADE OF THE WEEK | Classic Structure Trading💰 Hey traders, This week we spotted a confirmed structure breakout on GBPUSD. We were patiently waiting for a retest of that to buy the pair. Our confirmation was a double bottom formation on 1H time frame. Long trade was opened on a retest of its broke neckline. The price quickly bounced, giving us 70 pips of a pure profit. Great winner and nice trade! Did you catch it? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
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