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GBPAUD - Let's Explain these two Plutus Reversal Short Patterns


Both patterns were not Plutus Reversal Short because they never broke the low of the 1st wave, I even fell for it. Especially the second pattern was very close but there was also distortion from the US news volumes.

So the Lesson here is wait for the break - candle close and avoid patterns on high impact news.

The continuation was that we found buyers on the Fib and up we go.

After:


Before:



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