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MBX
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Hi Phantom, just want show this chart with price rejection right before NFP announcement. As I was already in EURCAD short so I did not take it, however it was a textbook example I think. Your method is very powerful so thanks for sharing it. However, my question is, for some reason, I was quite able to spot price rejections mainly going short in currencies, almost none going long. Is this in your experience as well (as your examples are mostly short) or I am not reading correctly yet. Please comment. Thanks MBX
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Hi Phantom, would this qualify as a correct set up. Hammer on the attachment (EU 30min chart) showing price rejection, however this happened not after breaking the small trendline and testing it, but before and price than plummet. I've noticed this is happening quite often. Please comment. Thanks MBX