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here is a potential sell setup.however the pattern is not an ideal one but it can be a good oppurtunity
it seems complex, i dont know how to calculate the pattern by manual
hi denny
i should say it is very simple just needs training
take a look at this link
https://www.mql5.com/en/forum/173439
here is the result of above pattern it has not hit the tagets yet........
great, usd/jpy make a low at116.40,
great, usd/jpy make a low at116.40,
thanks denny
here is the final result of the above patter.both targets are hit
an ideal pattern with its confirmation in daily time frame
hi kamyar, it should be 0.768, not 0.764, so its a false pattern, right?
hi dwnny
no it is a right one
look there is littele diffrence between 0.786 and 0.764 levels.and i have read about the diffrence some whre that it is depended on broukers.i mean if u use default retracement tool in platforms u can see that the default value is 0.764 and according to my exprience 0.764 work some how better tham 0.786 also as i said the diffrenece can be ignored .to put it simperly i use 0.764 instead of 0.786.
thanks for your attention
hello
kamyar hello !
what are those arrows on your charts?
is it an indicator
thanks for the reply
kamyar hello !
what are those arrows on your charts?
is it an indicator
thanks for the reply
hi
yes it is
it is silver trend indicator and i put them on my charts as a habbit nothing else
hi kamyar, ignore it? what are the max error?