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First Trade Down, How Many to Go?

The ABC Setup on the EURO AUD went to its target as expected today. The movement was sharp as is typical of these signals, leading to the 195-Pip gain in just under 24 Hours.
The combination of this being an ABC Setup with a Pennant made it all the more likely that movement would be fast. From here the pair could move even higher in sync with the other EURO crosses across the rest of the market.
The Stop Loss used was higher than that which I use in my Methodology outside of the Trader Contest s…
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Bull,Bear Crowns, ABC Setups in Control of Market

The start of June sees several of the major Currency Pairs breaking out of strong setups that are leading to Trend Changes. Bull Crowns, ABC Setups and Consolidations are the most common Candlestick Patterns that you will see that lead to trend changes and these can now be seen on some of the EURO crosses.
Bull and Bear Crowns, also known as Head & Shoulders Patterns, involves 4 steps that eventually lead to the trend change. The first is the formation of the Left Tip. This is usually the last S…
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