Please remember that we want the candle body to close above or below the new defined range for validation to enter the trade. Avoid getting caught in a trade with some of those wicked wicks!
Also, remember to set your trailing stop around 25 pips (using previous support resistance will give you best results). Majority of these trades reach 50 or more pips, but protect your profit in case the trade turns around.
SL is set at the opposite side of the new defined range.
New Defined 4H Ranges:
NZDUSD – 0.699002 – 0.695515
AUDUSD – 0.738849 – 0.734214
USDCHF – 0.921263 – 0.918314
EURUSD – 1.178594 – 1.175566
- Currently in a short trend
- Key Levels – 0.699895 – 0.694278
- Currently in a short trend
- Key Levels – 0.740473 – 0.73156
- Currently in a long trend
- Key Levels – 0.922985 – 0.917068
- Overall short trend
- Key Levels – 1.180177 – 1.174279
- Overall Short Trend
- Key Levels are 1.380303 – 1.370874
Cheers to another successful week!
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