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Well, it definitely broke out below that level and then some. It's very bearish and I think we may see it drop below 1.1600 too.
 
It found some support at 1.1550 but considering how bearish it is I think that after a brief retracement it may continue falling next week.
 
EU long entry this morning. Target is 6.03 R:R.

 
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@Roller_1 save me clogging up your thread. Here's another example.

On the 5 minute - Why am I letting it come all the way back near my stop?



Because on the 60 minute I can see that it's coming back to mitigate the 'down move before the up move' on this timeframe in anticipation of it going higher.

 
Thanks Cam,

So whereabouts is your stop In this? Is it below the low of that last red 60 minute candle that you have marked up on the left?
 
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