Imho if it breaks the channel/TL at approximately 1.2700 would be at least short-term confirmation of shorts. Otherwise it looks like a good R:R for a long (SL 1.2700). Hope i am not too ambiguous.

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Am with you

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Possible, though i think with some liquidity it will eat up the 1.23444

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Hoy ChiForex, can you please share why you think so? For my short personally I did notice a MACD pattern as well as some quick 1m bars around that level, thus pursuing it.

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Do you still think there is a chance for hitting the lower targets despite the break of 1.2320 ?

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No wonder we are all up in the (EU) morning...the taste of a 'contrarian' short at least i am in a good company

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Definitely hope so! In my expectations (which of course might be very wrong) 1.21770 or at least the 1.2200 low but might need to cover the 1.23405 first.

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I am with you, holding on, tp at 1.2170

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Truly! I am still holding on. 1.2200/1.2110

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Thanks a ton! I also expect it to get back to 1.2200 (and hopefully this week) based on a mini 1m gap and some strange bars but let's see! Got stuck at some shorts in the previous night that didn't tp around the 1.218 level and got a good lesson ...

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Hoy Georginson, couldn't PM due to my 'junior' membership status but could you please point me to a resource explaining range trading? I think the basic idea is clear, but how do you know if price would retrace down, instead of rest sideways, or ...

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