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RajaB
Admin

I took a counter trend trade

There are a few things to understand here. As the price was consolidating today before pre London, we had to wait for price to either break above or below.


If we broke above there was a range of 100 pips price had to cover. In this case price broke above and continued pushing without ANY retracement or formation of support. There is a rule of thumb here. As price breaks above a consolidation or below it, it should cover 50% of the range before retracing for continuation. Now read the previous line 5 times.


If it does not retrace after 50% covering the range, and continues to fill the range then its not coming back. The idea of counter trend here is to WAIT for price to create some sort of a market structure before you do your analysis for a trade.


Full video breakdown is posted in the "Trade Breakdowns" section or in the link below:

https://whop.com/hub/market-fluidity-uni/trade-breakdowns-7P697SNlXvHGZN/app/

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