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It is the beginning of the short therm downleg, before continuing it's existing trend upwards. The price would test around trendline + 61.8% fibbo Retracement.

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Another close up look at the set up. The price has made the 3rd lower high top at 61.8%, ready to test the bottom trendline & breaking trough it. This is similar to HVF theory, but with a twist. This will mostly likelly be "Bears overrunning Bulls", which is a condition I'm looking for. I don't want to have an even fight between the Bulls & bears, it needs to be...

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The price is gradually grinding down until reaching trendline + fibbo 61.8% level, then it will likely reverse back into it's uptrend. Tight stoploss but big gains!

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Simple Setup, wait for price stop moving up, preferably around 61.8% (1.1800 price), then sell until it gets before the key support neckline level. It has long broken the uptrend by triple top & head & shoulder on daily timeframe.

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The reversal has ended, it's time to continue the trend back up!

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The way I trade is by using dow theory lower Lows, lower highs to detect trend, Fibbonacci Retracement 61.8% of the previous "wave" to measure the reversal point, trendline to confirm it all as a larger picture & chart patterns like triple tops. Pretty simple I guess. The graph above is an example! Trade safe everyone.

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The Ghost pattern!

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Recently, a lot of fake breakout happened, the price is still under "deciding mode". the direction is still unclear. On 1hr timeframe you can see that it broke over the upper trendline, showing interest on the upside. We all will see what will happen!

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Previously, the price kept climbing up until it created a triple top, then the price broke down through the trendline, giving a hint that the market possibly wants to reverse. Then, lower Lows started to form until hitting the 1.16702 target. The price gradually grinds up reaching near the bearish trendline & also reaching 61.8% fibbo level. I think there will be...

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Self-explanatory!

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The price has reached the top trend line + reached 61.8% Fibbo retracement. It would continue the down trend until it's target.

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EURUSD has reached a new top & now its the turn for pullback. The target is around 1.12825 for the first pullback where 61.8% Fibonacci retracement & trend line meet. This is for the short term target, it could have more pullback or not, we'll all see! Wait for pattern set up & trade safe guys!

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The price has reached 61.8% on Fibonacci, which is the target before it's beginning of downfall. On 1hr timeframe, the price is trying to push through 112.450 resistance level for two times, but lower highs are forming which is an indication of downtrend or change in direction in Dow theory. Good luck & trade safe!

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The triangle is almost complete before it's expansive move. On the larger daily timeframe, USDCAD has almost reached 61.8% on Fibonacci retracement measuring by 1.46914 (100%) & 1.24644 (0%). By not reaching 61.8% level yet, could show that there is still interest for the upside. On the 1hr timeframe, shows the tightening of the triangle & the red arrow...

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As you can see, the gold price has dropped until it has reached 0.618% of Fibonacci retracement level. It is used to measure the turning point & target. Wait for a sideways around 1227-1240 to help to show interest in change in direction. Goodluck

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As you can see, we are still on a downtrend on the channel. Expectation is trend continuation. Right now it is doing an up retracement to 0.618% before falling down lower than the previous low. The past patterns were ascending triangle, which I believe will occur again. What I am doing is Sell around 1146-1150. SL at 1155 & TP at 1115. Risk reward Ratio 1:6 Note:...