These are my "ifs" of potential levels or reversal for a swing/short term trade. Take note plus the bias of an overbought market on the Daily or so. That's why we got a bearish 5-0 Pattern. A Z pattern giving us a first pullback before continuing its reversal, in this case from uptrending market to downtrending as market right now is in consolidation.
Kommentar
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Take note of Bull Shark Pattern Setup completion at 0.7227. Will it give us a Bearish 5-0 Pattern (reversal) to enter short around 0.7301 for the long term?
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Trader_Dale
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Thanks for your idea mate and good luck. Take care of the RBNZ news.
TheForexSamurai
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@Trader_Dale, thanks for your input mate! Yes. Those are the levels I could go aggressively or conservatively. Anyway any fundamentals would be discounted on the chart already. Chart speaks everything. Good luck on today's week market. :)