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The "Double boxed area" on your chart- did you mark it to show that beautiful row of test bars? That is a pretty sight. |
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Hello Aaron,
Yes I did
9600-650 established itself as the solid floor there from early March. Not really too difficult to assume that once they blanketed the growing (albeit short-term) shift in fundamental bias, prices would rise as soon as the last sellers conducted their business & the mid-term liquidation was put to bed.
Drilling down even further into the 60m would have gotten you well placed to avail yourself of those 2 daily purchasing bars on the 15th & 16th.
Important to make clear though that the trades on both are counter-trend. They're not core positions, therefore require slightly different management. They're both now buffeting off the expected reaction levels, on the back of recent dismal UK data.