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INSERT TEXT IN "GOOGLE TRANSLATE": translate.google.com/ Sell once we reach the sell zone BUT if we enter the orange area before we reach the sell zone, the trade is invalidated.
Once inside the sell zone, start looking for a signal. I would take a level 1 signal deep in the zone or a level 4 signal in shallower areas.
Your stop should be above the last high. Once you reach the target zone, exit once you see weakness
in the last 20 years this pair has never gone below the 1.0000 threshold. We are at 1.0443 at the moment. Every 5 - 6 years it makes a 3000 pip move and we are now at the bottom end of the last cycle. Of coarse I cant predict the future but if this pair keeps cycling like it has then in my opinion a buy order would be a good bet. Just my thought.
Ichimoku_Trader
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Thanks for sharing
Sounds good if you have studied the pair and know it so well like you do
This trade is a short term trade only. After that, maybe your analysis will prove correct
Thank you
jdepp8520
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@Ichimoku_Trader can you clarify what you consider level 1 and level 4 signal? Thanks
Ichimoku_Trader
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Gwoog
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Ya, I hate saying things on forums because anything can happen but if the edge that I have is working then I feel OK saying something. I wont post charts like you guys but I like following the people I follow. Good to have a sense of teamwork and common sense people to bounce things off of. There's no such thing as luck but I'll say it anyway: Good Luck this week.
Ichimoku_Trader
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Good luck to you too
gfknn5
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thank you so much
TAS_is_Goliath_Capital_Growth
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Very interesting strategy, looks very nice. Compared with my analysis and we are going the same way. It's refreshing to see different views and different techniques. Congradulations