Morning Trade Review
GBPUSD EURUSD Aggressive trade entered and profit 50 pips each.
Breakout for Short entered and profit.
Breakout for Long failed to fulfill setup.
Tonight the market will digest afternoon market bearish movement.
Recommend strategy: "Buy Low" + "Sell High" by using the least stop loss to earn the most target profit.
Small risk taker – If the market isn’t moved toward the direction of your trade, instead reverse back to narrow range near Entry Price, trader should close trade before incur any lose. Since the general direction may change, small risk taker should exit first. This may miss out trades but better than lose money. As long there is capital, there is always tomorrow for trader!
GBPUSD - Breakout Strategy
Long - EP{1.5228}, SL {1.5191}, TP- 1.5333.
Short - EP {1.5151}, SL {1.5189}, TP – 1.5048
If after 22:15, the pair fails to enter Short trade instead it moving upward, trader can enter Long trade with TP and SL same as Long strategy above.
EURUSD - Breakout Strategy
Long - EP{1.3428}, SL {1.3391}, TP- 1.3523.
Short - EP {1.3361}, SL {1.3389}, TP- 1.3268
If after 22:15, the pair fails to enter Short trade instead it moving upward, trader can enter Long trade with TP and SL same as Long strategy above.
Take Note:
1. To prevent false breakout, the price must broken through EP at least 10~15 pips and retrace back to EP before enter trade.
2. If hits SL, wait for retracement of 10-20 pips {low risk trader waits for retrace and break SL price again} to enter opposite direction trade.
Aggresive trader
GBPUSD Sell - EP “1.5170”,
EURUSD Sell - EP “1.3380”,
When the market is no longer going downward instead it reversed upward, now it is time to enter Long trade, SL is 38 pips away from EP.
After 22:15 {GMT +8:00 Singapore} the market trends up but failed to break
GBPUSD{1.5428}, EURUSD{1.3598}
Waiting for the direction to reverse and trends down before enter a Short trade, SL is 28 pips away from EP.
After 22:15 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.
Pay attention to the major line of
GBPUSD {1.5530 - 1.5580}, EURUSD {1.3700 – 1.3750}.
If the price is unable to break the major line above and yet it reversed downward, enter Short trade with SL of 10-20, take profit 80pips.
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