Previous S/R at 1.7982ish on GU, I'm looking for a rejection of some description at that point.....

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Nice Call! I bought just above 1.3935, agreeing with this call. I've got a TP at 1.3988 that will take half of my position off the table.

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Definitely should be good for a bounce of some description.... Watch for momentum on the way through.

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Looks promising, have you tried entering or exiting trades based on the identified areas of S/R?

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GoneBerger — Looks like I'm goneberger on that one! Oh well, back on the horse, I may have to do more research on cup/bucket formations to see if I can nail one....

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Apologies, this is turning into a trade diary, but perhaps BRV could analyse this trade and use it as an example of what and what not to do! Rightly or wrongly (only time will tell), I have entered the market at 1.0982 because of a perceived slowing ...

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Chart — Here's the chart, I still haven't entered because the move down has been too strong despite poor CHF news. Still looking for an entry point at one of those resistance levels in purple colour, perhaps the 1.0983 that is combined with ...

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News Release — Watch out for the news release though......

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Cup on USDCHF — I like the bottom of the cup around 1.0997ish on the USDCHF chart at the moment. Looking for a bounce off that level because of the combination of cup bottom and psychological level....... I am new to this cup thing though! ...

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On the hour chart that level has acted as support before. Fore mine that level doesn't look hugely significant though...... Unless I'm missing something? Maybe good for a quick bounce though?

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