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GBPUSD sell

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GBPUSD has reached upper band of range 1.3030 - 1.3330. At this zone we can see increased activity of supply. We have opened our sell order at 1.3305 with target at 1.3114 and stop near 1.3400 what gives us risk reward ratio 2:1.

DAX sell

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We opened our last trade on DAX too late at not good price and our stop loss was too close. Finally price hit our stop loss and than went down to the last local low near 12850. Unfortunately, today we missed a good opportunity to open buy order at this level. As we can see on chart the price moves in the range of 12850 - 13080 which we will try to use with next trade. Currently the price is near the upper boundary of range so we have opened the sell order with the target at 12916 and stop at 13113.

DAX sell

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DAX is currently in the accumulation channel where the chart has moving almost all October. After the broken out the support level and returning above, the price reached the upper band of the accumulation channel where the supply appeared what we can see on the last hourly candles with upper shadows. We are opening a short position with target just above support line, with stop above daily high and with risk reward ratio 2:1.

DAX testing support zone

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For the last few days we are observing on DAX a strong fall without correction. On session in November 13th price has touch support level and bounced up for near 150 points and drew bullish pinbar, but this didn't stop further price dropping. Today price has tested once again support level and went lower where buyers came out. This could beclassic hunt for stop loss characteristic for DAX . Question is if big players bought there? If yes, than we could see on the next sesssions defense of this level. This could be a good opportunity to open buy order. Looking for a bullish pin bar of November 13th which was negated we will wait for more signals to buy. If support zone at 12900-12960 will not be defended, price could drop at least to 12500 - 12300.

GBPUSD violated uptrend line

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GBPUSD today violated uptrend line actual from march 2017. Acutally price is over trendline but today we could observe large drop, which consumed all previous week growth. Lower, near 1.30000 we have also strong support area where price could go and than bounce up. Our last long trade on GBPUSD was closed with small profit and now we stay out of market on pound. Analyzing chart, we can see short term sideway trend, but in long term this is still in uptrend, so we will be waiting for a good price in lower level, near support area (near 1.30000) to open next long trade.

EURUSD sell

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EURUSD went deeper into sell zone so we have placed buy stop order at the lower band of this zone. At level 1.1677 supply got advantage and on H1 chart has occured bullish pinbar. At 1.1664 our pending order has been activated. Our target is near 1.1540 (slightly below last low) and our stop is at 1.1705 (slightly over sell zone and strong resistance level).

EURUSD sell opportunity

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EURUSD after the breakout strong support level at 1.1700 went lower to 1.1570 and backed near 1.1700 where is now large sell area. After this, price slightly increased last low and back to sell area at 1.1660-1.1700. Looking for a higher timeframe charts EURUSD looks like it will continue fall. Also looking for a political and economic events in USA we are expecting that US Dollar should be stronger. We are waiting for a supply acitivation in sell area to open sell at a good price.