correctly, the determinants are 1 and 2 in your blue color whether the price will continue the downward trend or reverse direction to the north continue the big trend. IMO

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SL 15pips Hits

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Save 45 pips risk I'm Long now Entry 1.3028 SL 1.3012 I will not take a bigger risk if the price hits 1.3012 image Thanks for support & goodluck to you, peace..

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horrible area this is not good place to enter the market. have a nice weekend everyone. peace

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not yet the show still go on

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therefore I say this this is not good place to enter the market right now, peace..

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Hi Viki84 the four arrows will be considered in making your trading decisions

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Hi DiuJisan in my opinion there is no new incoming information on where the price will move later, it is likely that later the price will continue down at a high speed, this is not the good place to enter the market.

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I like your chart like reading comics

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attracted to gravity image

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Welcome to the wave4 this is where most traders get hurt

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60 pips risk if wave4 drop to golden ratio image

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you rock man!

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I think it's enough in 161.8 My expansion is out, thanks you everyone good luck

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please don't be short at this time the market is on

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I think it's more than that..

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therefore I agree with you

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In my opinion if the level 1.32 passed there is a high probability that prices will continue skyrocket to the north

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wave3 ( C wave ) is tradeble market image

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Repeating the process, the market performs same pattern at the smaller timeframes Critical level 1.2979 must be passed, Exit 1.2928 image

Cable Update (GBPUSD)