This is an analysis with the long perspective in mind I cannot ignore the signs i was expecting a double bottom then reversal but confluence is aligning here as well
for bears maybe a rejection to the august high and then a continuation to new lows in efforts to prevent the market from collapsing beyond repairs i see the market like an engine over heat it blows
in this case inflation overheated it and until quantitative tightening has relieved them from the inflation i dont think much of it going [b/] TOO long i will still be reactive and respect structure if changes present themselves
SENNA SEASON
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Im not one for trendlines so if this works out a new concept to the arsenal i will continue short upon break n confluence based retest of trendline
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and then might try going long of the double bottom
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Short continuation it is i will keep eyes peeled if price presents a potential double bottom
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seems like the double bottom is forming up
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we going further short
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the range has cleared up im bullish now
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they did not end like that more shorts ahead
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1132 pips from break to first short target
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So looking for typical bnr cause the bull story could happen still looking at the resistance it is faced with atm
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Rally looking finito if u following this let me know with a like so i can update
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SHORT SCALP
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TAKING A LONG BREAK HERE ON OUT LOOKS LIKE NAS MYT BE GOING BACK LONG