channel line got hit watching for price action very closely
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very nice bounce expecting pullback berfore continuation
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itahirmasood
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good
sketchmaster
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I am milking this one for some time now, I just closed the short I took right from the top. But I see it as a simple ABC, after the impuls (see on 1D chart).
So I was expecting a correction to 1.448, and then another impulse breaking the channel at which bottom we are at this moment.
But it seems that you expect one more leg up...?
Wave-Trader
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this is really nice pick sketchmaster but keep in mind one thing mate some times we become too over optimistic about over target which may change our winning trades into losing trades and it happens just because of setting unrealistic target. what i do i search out for a big wave and follow that wave on lower time frame and if that wave lose momentum without hit my target then i revisit my forecast and try to be realistic with the market. lets see if it breaks down channel then off course we may have nice short setup but the 1.32 target is unrealistic. thanks for the feedback and comments and good luck.