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| GBP/USD Hourly |
My favorite pattern, start with a divergence then price went down (wave a), rebound and stop at 79 Fibonacci retracement (wave b), then start to go down again break my trendline, enter sell at 1.5955 with a stop loss at 1.5979 (-24 pips risk). Close 60 % of my position at 1.5905 near support for 50 pips profit then the remaining 40% close it at 1.5855 for 100 pips profit.. Wanted to hold a bit more but too scared already, don't have the mentality..
Divergence is indeed a powerful stuff. Really really loved it!!
Then the next trade is AUD/USD, a head and shoulder pattern
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| AUD/USD Hourly |
Enter on fractal breakout at 1.0788, close position near the red trendline at 1.0758 for 30 pips profit
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