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Forex Monthly Trading Thread and setup ideas, page-591

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TwoHandsRevy

922 Posts.

14/09/17

10:16

Post #: 27208710
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Originally posted by sharks37 ↑

Well I ended up happy with my call not to take the long entry off the top of that EU 12h hammer yesterday. I've taken a look at the structure of the 60m level to see why price broke down overnight:

View attachment 729276

The above shows why I typically place both long & short orders on Hammers & Shooting Stars because often if it doesn't initiate a reversal price ends up doubling back on itself within the following candle & go the other way.

Cheers, Sharks

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Very nice, I am sad to say I ended up making a loss on my long there because I stayed too long.

cheers
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