Oh ok, just dont be committed to any longs, close losers fast.

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You might as well go get us a coffee then, gonna be a min. Serious. Not being mean, but how many times since yesterday i say stay short from 1.2981. Still in effect.

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Good Target with your system, but it may go 1 line lower.

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5th wave is now.

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Bull died at 1.2882 initial breakdown. They tried to revive but got only got as far as 1.2894. url Bear Raid is just consolidating, catching their breath. Short on rallies until 5th wave is done.

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Thanks Mok1one. Just to verify, it s the standard Fibo channel tool?

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PA is being very predictable if you use FIbos, Pivots, and midpivots.

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3rd wave may be slowing, with a 4th ABC correction, but im leaning to a flat because who wants long. Then another leg down. I gotta measure 1st wave to get target, but I think it was around 93 pips.

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Yeh 30 mins usually PA stabilizes, but London close may sell off, then 3 to 4 pm could sell off. Its a big bear raid, not just a news day.

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i havent read thread, why say that?

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Be back at 0800 EST. Looks dead till then. 2 hour siesta

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I said it before, I like your lines. I just need to practice with them to put on my chart. Any tips.

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Same, Im with you. Maybe my sleep is affecting my communication skills.

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The impulsive break below from the previous 15 sideways channel at WS2 tells me it will take something huge to push back up today.

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Updated chart wedge — im not bragging. Trying to show any new FXers the power of FIbonacci levels. Posted way before these moves down.

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Bump and Thanks

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O its not a full position closure just TP2. I will add on any retracements to make more pips.

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Also, we have touched the 1.618 expansion i posted 2 hours ago. logical to hang out here for a min.

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Steve, what lines you looking at. Im thinking this is another scalp zone from 1.2880 to 1.2865 if it doenst break right away.

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DEAD at 1.2882 Lowering TP2. 1.2800 for now. 4th wave retracement will begin after todays thrust down.

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