M5 to H4: from here on forwards it is all up to 1.1590.. If bears can't break below we will have a bounce up!

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The main problem for bears is the H4 resistance level sitting right at ~1.1590.... That's why it is not easy to continue lower!

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Next, bears must now watch if candles stay below 1.16022...

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Okay good... bears are slicing...

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M5: If you keep shorting like me now we must check reaction around 1.1601....

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M5: Bulls are trying hard but they will hit some invisible wall soon... watch: 1.1616 area! *and don't rush to sell.. there is no channel breakout yet!

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M5: early trading hours... for now: here, bullish it is...

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Meanwhile, on H1.... I marked 1.1618 as nearest resistance... while below, only selling! Waiting for London opening..... *Based on D1: 1.1638 is my main resistance!

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H1 Plan for Monday I added a snapshot of H4 onto my H1 chart below. There you can see that my H4 potential resistance level during London opening would be located roughly around ~1.1634, which is almost perfectly in sync with my H1 resistance level: ...

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I just found the time to send you the template with the settings you asked for to be used on M5... file *I assume you already know that the template should be copied into the MT4 "templates" folder. *I also assume that you already have downloaded ...

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Danke.. gleichfalls...

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M5: Closed all here at 1.1610 and calling it a day folks... Thanks to all who contributed with all their efforts and skills this week... Enjoy your weekends... Peace out...

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M5: waiting with a final short order opened at 1.16235.... Once closed I am going to call it a day...

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H4: Today it is all about 1.1650 resistance.. (1.1644 to be precise) If it breaks bulls can thrive... Otherwise just hesitation...

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M5: bearish flow continues... rinse and repeat selling mode... *I use reference angle whenever I can't draw a trendline because connective candles are missing...

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M5 London session trade journey so far... still plenty of time to catch new opportunities...

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No worries.. Will do once I am back at my desk... Latest tomorrow...

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H4: No breakout above trendline... can't go long... No breakout out of channel... can't go short (and would be riskier).... I wait.... No rush until London opening... Happy trading day folks

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A Typical Trading Day on M5..... Just as an example *If you think my posts like this can help, let me know, so I am going to share more of these...

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H4: We arrived at most critical levels: 1.1635/45... No more buying.. am on sidelines from here on forwards... calling it a day.. *If bulls continue rising, next target would be 1.1666.... Trade safe folks

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