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Our previous analysis of SELL that is based on the ICI strategy on Daily have been stomped out. Though we traded a new setup where it formed a double top, and is now retesting the base candle.
This may lead to the bearish price action we were hoping for. While holding out our SELL 2 where its another ICI and is currently running 15 pips from entry. On the weekly time frame we can see that we have a W pattern with an over extended impulse, and we are currently seeing the correction down to the neckline or wick of that W formation.
Trade Signals
SELL 2
Entry: 82.90
Take Profit: 74.21
Stop Loss: 83.94
BUY (Based on W formation on weekly TF)
Entry: 74.21
Take Profit: 91.80
Stop Loss: 72.47
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER
Our previous analysis of SELL that is based on the ICI strategy on Daily have been stomped out. Though we traded a new setup where it formed a double top, and is now retesting the base candle.
This may lead to the bearish price action we were hoping for. While holding out our SELL 2 where its another ICI and is currently running 15 pips from entry. On the weekly time frame we can see that we have a W pattern with an over extended impulse, and we are currently seeing the correction down to the neckline or wick of that W formation.
Trade Signals
SELL 2
Entry: 82.90
Take Profit: 74.21
Stop Loss: 83.94
BUY (Based on W formation on weekly TF)
Entry: 74.21
Take Profit: 91.80
Stop Loss: 72.47
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER
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