Good morning may God bless you all,
Let us look into yesterday price bar,
Open = 1.4024
High = 1.4027
Low = 1.3957
Close = 1.4009
MFI = Squat bar
Total pips = 70pip
1/3 of Bar = 23 pip
From above information we conclude that yesterday started with seller leading the market but at the price of 1.3957, the buyer was managed to push up the price to1.4027. From these informations a lot of people well go for buy position, but I am going for sell position. Why? Because the high is not break the Friday high, and it happen yesterday is squat bar, it is show us that Friday is the peak, is good time to short the market.
This is my setup of the day:
Sell stop = 1.3956
Stop loss = 1.4053
Profit target = 1.3808 & 1.3666
Loss win ratio = 1:1.5 & 1:2.9
Please study the chart carefully don’t just blind follow my step.!!!
May you all win more pips
Derek
derekdiscovery@gmail.com
Let us look into yesterday price bar,
Open = 1.4024
High = 1.4027
Low = 1.3957
Close = 1.4009
MFI = Squat bar
Total pips = 70pip
1/3 of Bar = 23 pip
From above information we conclude that yesterday started with seller leading the market but at the price of 1.3957, the buyer was managed to push up the price to1.4027. From these informations a lot of people well go for buy position, but I am going for sell position. Why? Because the high is not break the Friday high, and it happen yesterday is squat bar, it is show us that Friday is the peak, is good time to short the market.
This is my setup of the day:
Sell stop = 1.3956
Stop loss = 1.4053
Profit target = 1.3808 & 1.3666
Loss win ratio = 1:1.5 & 1:2.9
Please study the chart carefully don’t just blind follow my step.!!!
May you all win more pips
Derek
derekdiscovery@gmail.com
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