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BETTER CHART. BREAKOUT + PULL BACK 5 REASONS TO GO SHORT5 Reasons to go short. 1:) Symmetrical Triangle Breakout 2:) 50% Fib level intersects with 14 day bearish trend-line and 7 day bullish trend-line that was recently broken which could create a triple threat of resistance. 3:) Expected resistance at .7200 4:) Bearish Cloud 5:) Why the hell not. Entry @ .7195 SL @ .7128 TP @ .7100 Sorry for the double post but unable to delete the previous one and this is more detailed and helpful.
Short
by Pro_Alerts
Well Check This Out!Originally posted last Thursday we've predicted the possibility of a reversal between our plotted reversal zone area and then narrowed it down to a Demand Zone and its Sweet Spot. Price made a heck of a bounce off of the Demand Zone which ranges .7150-.7075 while it's sweet spot .7126-.7100 has not been touched. We took entry at the top green line of the DZ. Price may have found it's bottom but let's see if it holds. If you like this idea pleas follow and like us. You will be helping others if you do . Thanks! fxjunkie.net
Long
by Pro_Alerts
SHORT USDCAD 250 + PIPS!Enter short within the Supply Zone and enjoy the ride! When trading Supply and Demand Zone areas i always prefer to try to enter somewhere towards the middle of the range which would be 1.3141 to be exact. This will give us a good risk to reward ratio. Stop Loss above SZ. Confirm your entry using your own charts . I just wanted to point out if you are looking to sell this pair then this is a good area to start looking. Stochastic is becoming overbought as well. We will confirm with price action. Good Luck ! Email: support@fxjunkie.net Web: fxjunkie.net Facebook Twitter
Short
by Pro_Alerts
1
AUDUSD PRICE BREAKOUT 50+ PIPSEntry at Breakout Level. Target 50 pips. Enter at breakout level or can wait for pullback after the breakout has occured. What I do is I place my trade at the breakout price level then set my stop 25 pips below that. If we are right in direction and we have met half-way to our target at 25 pips above our entry we will then move our stop to our entry price . This way if price comes back and hits our stop we breakeven. If we lose 25 pips and price reverses breaking the opposite price level of our initial direction we will re-enter at the breakout price level and try again for 50 pips but this time in the new direction. Once again if meeting half way to target at 25 pips you can either exit here and breakeven on the trade making your 25 pips back that were previously lost or you can move stop to entry price and try your luck. for 50 pips on second entry in order to recover losses and gain 25 pips total. The strategy is not over until it is complete. We want to either break even or make money . That's it! Good Luck and don't forget to check us out on our website. Thank You.
by Pro_Alerts