3 nested patterns completing in same zonal space. Would complete at bottom of consolidation triangle, and trade would be confirming consolidation to continue 886 confluence of previous larger swing RSI is just heading into Oversold. possible rebound off the 786 but would be short term to meet the 886 area Check back in the coming day/s
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Consolidation triangle
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Maybe today? We entering top of zone
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If you are trading the pattern the Monthly Support is exactly X, and would require a SL below this (its NFP today!)
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Boom
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Channel creation
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Channel support being pushed with negative price action Moved position to BE @ 1.041 Its possible we see a break here with a retest of pattern structure or lower. Either way we are in no loss position with a pending opportunity at lower prices.
Trade geschlossen: Ziel wurde erreicht
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1.041 stood firm. Target 1 hit Target 2 @ 1.065 with trailing stop, the move could run much higher, this is a prett conservative target 2 price.