Morning Trade Review
GBPUSD Breakout for Long and Aggressive trade's setup are invalid.
Breakout for Short enters setup and profits more than 80 pips.
EURUSD Breakout for Long and Aggressive trade's setup are invalid.
Setup of Breakout for Short {1.3551} is fulfilled but no win no lose {if EURUSD cannot break the lowest price after 3 hour, trader should close the trade near EP to observe the market direction before further action}
Hundred Pips Executor successfully accomplished mission.
Recommend strategy for tonight: "Sell High" + "Buy Low" by using the least stop loss to earn the most target profit.
GBPUSD - Strategy for Night
Breakout for Long - EP{ 1.5468, wait for retrace and breakout upward again to buy},
SL { 1.5441}, TP1- 1.5573, TP2- 1.5633, TP3- 1.5693}.
If hits SL, trader should wait for retrace of 10-20 pips {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 {1.5371, wait for retrace and breakout downward again to sell},
SL {1.5409}, TP1 - 1.5248, TP2 - 1.5188, TP3 - 1.5138}
If hits SL, trader should wait for retrace of 10-20 pips {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 Night
Breakout for Long - EP{1.3588, wait for retrace and breakout upward again to buy},
SL {1.3561}, TP1- 1.3693, TP2-1.3743, TP3- 1.3793}.
If hits SL, trader should wait for retrace of 10-20 pips {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 {1.3491, wait for retrace and breakout downward again to sell},
SL {1.3539}, TP1 - 1.3368, TP2 - 1.3308, TP3 - 1.3258.
If hits SL, trader should wait for retrace of 10-20 pips {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 23:15 {GMT +8:00 Singapore}, if the market trends up but failed to break
GBPUSD{1.5458}, EURUSD{1.3588}
Waiting for the direction to reverse and trends down before enter a Short trade, SL is 28 pips away from EP.
After 23:15 {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 “1.5430”,
EURUSD near price of “1.3560”,
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 {1.5300, 1.5250}, EURUSD {1.3350, 1.3300}.
If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced.
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