Due to member requests, we posted some videos for the Germany 30 Low Risk Spreads and the Divergent 5 minute binaries, in the member area 🙂
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 – 0.654875 – 0.651539
AUDUSD – 0.718275 – 0.71342
USDCHF – 0.914013 – 0.909491
EURUSD – 1.181612 – 1.174766
GBPUSD – 1.312336 – 1.303556
- in consolidation period and created a deeper correction last week
- waiting for a break of current zone to determine future continuation or reversal
- overall long trend
- price is dropping in momentum and in consolidation period
- at the supply zone
- if the supply zone holds then we can expect sideways movement or trend reversal in the upcoming weeks
- overall short trend
- possible triple bottom pattern
- waiting for correction or complete reversal
- heavy support level
- We can expect sideways movement or trend reversal in the upcoming weeks
- in consolidation period
- We can expect sideways movement or trend reversal in the upcoming weeks if key levels break to the downside
- overall long trend
- in 3rd leg
- at supply zone
- if supply zone breaks then continuation of long trend
Cheers to another successful week!
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