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WUBIPLOB Updated 

Ask question if you have any. The Trade order should clear form my chart.

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As a day trader, this is not the time to make an entry.

WUBIPLOB Updated 

I've used simple Resistance and Support Lines with the idea of Corrective Channel.

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I've used simple conception of Support and Resistance with the idea of Corrective Channel.

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We see a Diamond Pattern is formed in EURJPY WEEKLY. That's all. Stay tuned, Stay Neutral. Because this time it's uncertain and risky to trade.

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From 3 to 4, Market Price is bearish, but here it's obvious that Price will make a new HH or may further retracement depending on the small consolidation zone.

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IT'S CLEAR FROM THE CHART. STAY NEUTRAL TILL POSSIBLE CORRECTION BREAKAGE.

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WE SHOULD ENTRY WITH CAUTION. BEARISH PROBABILITY IS HIGH.

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IF THE PRICE BREAKS THE STRONG RESISTANCE THEN WE MIGHT GO LONG. HOWEVER, A TREND REVERSAL MIGHT OCCUR, THAT'S WHY WE SHOULD WATCH WHAT THE MARKET PRICE ACTION WILL DO WHEN IT TOUCHES THE RESISTANCE.

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TAKE TP 2 AT .618 PRICE LEVEL.

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KEEP AN AWARE EYE ON GBPUSD WEEKLY CHART AND TRY TO MAKE AN ENTRY DEPENDING ON PA.

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IF THE PRICE BREAKS THE CORRECTION THEN GO SHORT.

WUBIPLOB Updated 

FOLLOWING A TCT WE CAN GO SHORT AND EARN SOME PIPS!!!

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WE SHOULD ALSO KEEP IN MIND THE BIGGER PICTURE. BUT WE'LL IN NEAR FUTURE TRY TO TAKE AN ENTRY IN LOWER TIME-FRAME.

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STAY NEUTRAL. WE'LL BE INVOLVED IN THE MARKET IF THE MARKET BREAKS CORRECTION.

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POSSIBLE TRADE SETUP IS CLEAR FROM OUR PRICE CHART READING! STAY NEUTRAL FOR THIS MOMENT. WE'LL GO LONG OR SHORT DEPENDING ON MARKET'S NEXT PRICE ACTION.

WUBIPLOB Updated 

MARKET is bullish, you can take a short entry by waiting for a new LL and its Pullback.

WUBIPLOB Updated 

Take TP2 at .618 Price Level!