image Also consider IEURX chart, which stands for euro index. It's above WP and above MS1. Next is is MP. So can't really go short now. Also PA hasn't reached the upper band of the channel yet, and it will reach it for sure.

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Game plan today on EU long @ 3957 SL 40 TP 4063. (actually LONG @ 3917 instead of 3957) GU long @ 5907 SL 40 TP 6043. AUD long @ 0385 SL 40 TP 0517. GBP CAD long @ 5563 SL 5517 TP 5656

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Riko that is true, however HTF USDX tells a different story. image

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Here's GU D1 cycle extraction, the cycle indicates that we did in fact bottom out mid-term. Next up 6000 on GU. image

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image Come to think about it, H4 AUD USD provided plenty enough hints of the PA to follow, with long-wicked candles sitting right @ weekly S2. Well, easier said than done, and also post fact, it does look much more intuitive.

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GU D1 chart update Looking at the PA on GU daily, there is a reversal D1 stick right in the area of technical confluence (channel bands and 886 * 786 level). This might be a signal that we reached the mid-term bottom on GU and reversing now. A close ...

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Quick EU H4 update TL broke and WP cleared, next up is 4000, zone of technical confluence. refer to the chart for details. Ill keep out until tmrw, and if we can get a retrace, get in long for 4000. image

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of course the suggested GU short is invalidated now, I'd say it's fair to assume we will reach 6000 on GU and 4000 on EU this week.

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I guess the big mistake I made on AUD USD is that I kinda underestimated the HTF technical confluence, price sitting on the lower band @ 786 * 886 fibo line. image

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wow, that does suck big time, first I got out of a very decent run on GU due to some suspicions PA can turn back on me, than I get knocked out of EJ and now after AUD started to descend, and just when I put SL @ BE this freaking thing spikes up to ...

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AUD short looks fine, EJ got stopped out though due to wild spike up on yen, so this one trade idea is out for the time being.

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sold AUD USD as well TP recent low, SL recent high + 10.

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EJ short sell SL 30 TP 120. current is 105.62

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GU action plan. Short sell @ 5860-5880 SL 40 TP 5500. Alternatively short sell @ 5760-5780 SL 40 TP 5500. Second scenario only if PA fails to reach 5880.

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image Here's the reason to short sell EU. Rejection @ WP and monthly S2 level.

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ok Ill try my luck. EU short sell @ 3757 SL 3820. TP 3520 (+220 pips).

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heres why I got kinda confused with GU now. image

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get out of GU long, EU seems to be reversing. Currently will just stay flat, cause got confused.

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Reason is M30 TL break to the upside and H1 long-wicked candlestick.

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ok I actually reversed on GU - now long. Target 80-120 pips.

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