Good question. There's 2 lots of s/r close together a 23.6 Fib and 50 Fib, the latter I particularly favour. It's only a scalp as it is counter trend.

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Short AUDUSD from 6494 support (50%Fib)

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Interesting thanks. I'm always keen to have reasons to choose one over another, they so often go off together. I had a three way choice between Cable EurUsd and UsdChf. The last looked two be in clearer air to me and UsdChf had the ...

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Hi SR What made you choose that over EurUsd from 13000?

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No offence dod, is does get asked almost everyday so I thought I would make a small charge. I'll gladly accept £70 instead...no hang on £75...no £70 it is!

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That will be $100 please!

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Nice call!

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Not my pearls. It's just my limited experience combined with what I learnt here.

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Yes that looks possible but, had my internet connection been on I would have probably entered on the retest of 12500.

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Yeah, I'm out at 44. It was only ever going to be a scalp.

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6348 but I wouldn't trade it, as it is too tight. A range must be 80-100 pips for me to consider it.

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Good - if you can trade the range.

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I use Fibonacci and trend lines as confirmation, they are both different forms of s/r and change polarity just as horizontal s/r does.

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Define a consistent strategy at all levels. Log all of your set ups in detail whether actually traded or not. When you are consistently right, the results will speak for themselves and your self confidenence will come.(Until it gets smashed again- ...

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12507 Bugger all else on at the moment.

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Maybe but I don't trade BOs, I will wait for a potential bounce from 11363-11314.

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A little 14026 hasn't yet been revisisted but demand must be thinning out.

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IMO that range goes to 12700 but it's not very clear.

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Yes, 13026 is the top of my range. There's a 50Fib in there too.

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Can you create any excitement around these levels? AudJpy 5822(50Fib) AudUsd 6485-6494(23.6Fib50Fib) EurCad Flag EurGbp 8870 EurJpy 11700-11729 EurUsd 12943-13000 GbpUsd 14353-14400 Discuss

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