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@gerald_on_cable
G
Gerald Fitch-Morrow
@gerald_on_cableTipSTANDARD0 comments15 likes19 views
weekly level rejection on cable. that's it. that's the whole idea.
entry: price taps a key weekly high or low, you see a clear rejection candle on the 4h. no close through the level. wait for the close.
exit: next significant weekly structure. not a pip target you pulled from thin air. structure.
risk: stop goes beyond the wick. if the level breaks, you're wrong. accept it and move on.
markets: GBP/USD mainly. EUR/USD if you must. don't try this on GBP/JPY until you actually know what you're doing.
limitation: weekly levels get hunted before they hold. price is telling you something when it spikes through and comes back. but if you can't read that yet... sit on your hands
Trading involves risk. This content is educational and is not financial advice.
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