Thanks to my fellow trader who believes and follows my strategy all along. During Chinese New Year, I also did my best to bring all my followers to grab at least 600~800 pips in the market! Even the beginner can take at least half of the profit. “Gong Xi Fa Cai” is just word only, but I am using my strategy to let all of you earn big “New Year Ang Pau”.

Today is last week of month end where big organization will report their earning release as well as commodity and forex option expired time. Most investment firm will push up the price to settle Put Option Contact (Short). The best prove is the commodity price and non-US night market being push higher on last Friday night. This is purely technical adjustment, definitely not the positive for non-US market in long term.

Short range will be expected today. Recommend strategy for this morning: "Sell High"+ "Buy Low" by using the least stop loss to earn the most target profit.

For low risk trader: In order to prevent false breakout, you shouldn’t enter trade without retrace after initial breakout. Flexible during trading, the way of handling will determine the quality of your trade.

GBPUSD - Strategy for Morning
Breakout for Long - EP{1．5548, wait for retrace and breakout upward again to buy},
SL {1．5511}, TP1- 1．5663, TP2- 1．5693, TP3- 1．5743}.
If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – sell. The strategy is same as Breakout for Short.

Breakout for Short - EP {1．5481, wait for retrace and breakout downward again to sell},
SL {1．5529}, TP1 - 1．5368, TP2 - 1．5308, TP3 - 1．5258.
If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – buy, the strategy is same as Breakout for Long.

EURUSD - Recommended strategy for Morning
Breakout for Long - EP{1．3708, wait for retrace and breakout upward again to buy},
SL {1．3681}, TP1- 1．3793, TP2-1．3843, TP3- 1．3893}.
If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – sell. The strategy is same as Breakout for Short.

Breakout for Short - EP {1．3641, wait for retrace and breakout downward again to sell},
SL {1．3679}, TP1 - 1．3538, TP2 - 1．3478, TP3 - 1．3428.
If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – buy, the strategy is same as Breakout for Long.

After 17:30 {GMT +8:00 Singapore}, if the market trends up but failed to break
GBPUSD{1．5548}, EURUSD{1．3708}
Waiting for the direction to reverse and trends down before enter a Short trade, SL is 28 pips away from EP.

After 17:30 {GMT +8:00 Singapore}, if the market trends down but failed to break
Breakout for Short or false breakout
Waiting for the direction to reverse and trends up before enter a Long trade, SL is 28 pips away from EP.

Aggresive trader who dare to enter opposite trade after hit SL.
GBPUSD near price of “1．5530”,
EURUSD near price of “1．3690”,
When the market is no longer going upward instead it reversed downward, now it is time to enter Short trade, SL is 38 pips away from EP. (Make sure the market is no longer go up and reverse first before enter a Short trade.), TP is same as Breakout for Short.
If the trade hits SL, waiting for retrace of 10-20 pips to enter opposite trade – Buy.

Buy Low trader pays attention to the major line of
GBPUSD {1．5350, 1.5250}, EURUSD {1．3550}.
If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced.