Why would it? It tested main UTL and failed It broke minor LTL and confirmed imo it's over and done image

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Planning to sit this short out. Target 1.46 or even 1.38 D1: image

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Damn, tomorrow calemara's on the menu!

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Well this all looks very promissing for bears, nice pullback to LTL, closing almost at bottom, still like it to see at 1.5000 piercing daily LTL All nice weekend, meet you sunday at THE match and an exiting opening... M15: image

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I would tend to say yes, if after broken several minor supports this one breaks too D1: image

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Care to share?

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Breaking 2 support levels just for the weekend would certainly be spectacular.... H1: image

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The thought crossed my mind, lets see...

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Some bearish divergence developing: D1: image

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and why that is?

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Doesn't look like you "need-help" Just let PA confirm your level like cloggie told us

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Well, I am not complaining about my results over the years, but I must confess that I have more failures then successes, but the winners are mostly tenfold of the loosers....

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ah, now I get it, in your way of thinking PA is dominant and only if a support (1.5080) is respected you are prepared to change direction, while I am more betting it will with tight SL (getting best price, but risking a faillure). Prob. your way is ...

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Now you are really confusing me, we are in a daily uptrend, wanting this is expecting we are reversing to a downtrend, do you expect that?

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Maybe I'm just too stupid, I see I should have waited if DP was respected, but not doing so I should have exited my wrong call below previous low at 1.5121 instead of my arbitrary 1.5130 level... The retrace towards my buy level 1.5160 would have ...

Cable Update (GBPUSD)

Yes, I think I see it, although I do not follow fibs I love to keep things simple, even more simpler than you But I do think market-psycho plays a more important role than the cold analyses you are able to make, so bare with me if I sometimes ...

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Thanks for your help cloggie, I just fail to see the importance of 51372, what is it?

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The reasoning was: eur/usd rushing to 1.27 GU in contrare direction too long imo thinking about big guys wanting us to see a bear flag forum bearish all over I'll have to stop hunting the small moves, although tempting when nothing to do, it's not ...

Cable Update (GBPUSD)

Stopped @ 1.5130

Cable Update (GBPUSD)