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EURJPY

It is always a great pleasure or me to look how liquid couples behave ,like EURJPY.Fluctuations are big.
I will start here with daily chart.
On the chart bellow you can see when the big money entered on the market.The market created too strong Piercing line pattern which is one on mine favorite patterns.That was the sign for me that Bulls wants to take control over the market.
Daily chart
On weekly chart the same patter was detected as pin bar, although with a small Bearish body. Usually I wai…
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الترجمة الى الانجليزية اظهار الاصلي
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USDJPY

Monthly chart
I will start with Monthly time frame,we had here uptrend in previous structure,and the price is now in the symmetrical triangle.This could be the beginning o the wave three .
Weekly Chart
It seems that e have the same triangle on the Weekly time frame ,which give the more power in triangle.To enter in long position we can wait for resistance breakout.
Daily Chart
On Daily chart we have some little …
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الترجمة الى الانجليزية اظهار الاصلي
BenAqiba avatar
BenAqiba 7 تموز

People often ask me does  some line is valid or not ,and I answer them "I don't know".Only the market have that power to answer to us on this question!

It seems that resistance line is valid on this pair,because the market failed to break above.
It is the candlestick below red arrow.Now I know  that line is valid!

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GBPCAD

This was one trade with higher risk because I usually waiting confirmation candlestick but this one was strong with shadow on the bottom side.But I entered because this setup is in the line with downtrend . After a while the setup moved into my direction
Picture 1
My second reason was weekly chart,because the price was bellow middle band and middle band could be strong sometimes.
Picture 2
The most important reason …
قراءة القصة كاملة
الترجمة الى الانجليزية اظهار الاصلي
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