This is a trade setup on flag. It looks to me flag has completed and breakdown is possible very soon. In case descending channel breakup, Then i will look for sell setup around 80.000.
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This update is for informative purpose This is why i say entry before the breakout is risky because corrective pattern may extend itself and after the breakout is less risky. This corrective pattern extend itself and then breakdown and then hit our target here is the update Guys.
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If missed first breakdown of uptrend and then flag breakout no worry at all watch for next trend continuation pattern guys. Here is the update.
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fxfxfx
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It look like it is breaking down. What do you see here Wave? Shoot us with an update on this pair if u have the time. Thanks
Wave-Trader
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Yes its breaking lets make it clear i will update it on short time frame. Thanks for Keeping eyes mate
fxfxfx
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thank u for sharing ur expertise. I have my TP in the 74-75 level, waiting to see your analysis to consider corrections
fxfxfx
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Hopefully the stimulus package announced in Japan later today won't ruin the downtrend.
Wave-Trader
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Exactly you are right.
Ranothil
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This trade is going great! What do you think the odds are of the pullback option given the structure. I'm thinking wait to add to my position! Thank you sir. BTW, what is that structure you just posted on your update, i'm trying to learn Elliot wave! Great THx!!!!