Uploaded by shemplo

Forex Provit Matrix PDF Free Download by Wesley Govender

advertisement
PRESENTS
Forex Master Level
Trading Like A Master = 174.38%
174 .38% In One Month Live Trading
Wesley Govender
RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT
Trading any financial market involves risk. This report and all and any of its contents are neither a solicitation nor an
offer to Buy/Sell any financial market.
The contents of this material are for general information and educational purposes only (contents shall also mean the
website or any website the content is hosted on, and any email correspondence or
newsletters or postings related to such website). Every effort has been made to accurately represent this pr oduct and
its potential. There is no guarantee that you will earn any money using the techniques, ideas and software in these
materials. Examples in these materials are not to be interpreted as a promise or guarantee of earnings. Earning
potential is entirely dependent on the person using our product, ideas and techniques. We do not purport this to be a
“get rich scheme.”
Although every attempt has been made to assure accuracy, we do not give any express or implied warranty as to its
accuracy. We do not accept any liability for error or omission. Examples are provided for illustrative purposes only
and should not be construed as investment advice or strategy.
No representation is being made that any account or trader will or is likely to achieve profits or losses similar to those
discussed in this report or anywhere on. Past performance is not indicative of future
results.
By purchasing any content, subscribing to our mailing list or using the website o r contents of the website or materials
provided herewith, you will be deemed to have accepted these terms and conditions in full as appear also on our site,
as do our full earnings disclaimer and privacy policy and CFTC disclaimer and rule 4.41 to be read herewith. So too,
all the materials contained within this course, including this manual, whether they appear on our domain(s) or are in
physical form, are protected by copyright. "Warning: The unauthorized reproduction or distribution of t his copyrighted
work is illegal. Criminal copyright infringement, including infringement without monetary gain, is investigated by the
authorities and is punishable with imprisonment and a fine." We reserve all our rights in this regard.
Old Tree Publishing CC, in association with , content, and its representatives
do not and cannot give investment advice or invite customers or readers to engage in investments through this
course or any part of it.
The information provided in this content is not intended for distribution to, or use by any person or entity in any
jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us
to any registration requirement within such jurisdiction or country.
Hypothetical performance results have many inherent limitations, some of which are mentioned below. No
representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In
fact, there are frequently sharp differences between hypothetical performance results and actual results subsequently
achieved by any particular trading program and method.
One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of
hindsight. In addition, hypothetical trading does not involve financial risk and no hypothetical trading record can
completely account for the impact of financial risk in actual tra ding.
For example, the ability to withstand losses or to adhere to a particular trading program or system in spite of the
trading losses are material points that can also adversely affect trading results. There are numerous other factors
related to the market in general or to the implementation of any specific trading program, which cannot be fully
accounted for in the preparation of hypothetical performance results. All of which can adversely affect actual trading
results.
We reserve the right to change these terms and conditions without notice. You can check for updates to this
disclaimer at any time.
Governing law: this policy and the use of any of this material and or course, provided in any forrm, and
d any content on
the website are governed by the laws of the Republic of South Africa. Further details on this are found under the
Terms and Conditions on our site. Please ensure you read and agree with all Terms and Conditions as set out on our
site before using any of the materials. Your use and reliance on the materials is based on your acceptance of such
Terms and Conditions and policies as appear on the site.
2
TABLE OF CONTENTS
RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT................................. 2
I. Introduction
Introduction ..................................................
............................................................................
....................................................
......................................
............ 4
II. Indicators
Indicators & Tools....................................
Tools.............................................................
...................................................
...........................................
................. 5
1.
Moving Averages ...............................
........................................................
...................................................
...........................................
................. 6
2.
Relative Strength Index ...................................................
............................................................................
......................................
............. 8
3.
Fractals & Trend Lines ............................................................
.....................................................................................
..............................
..... 9
4.
Trendlines...............................................................
........................................................................................
...............................................
...................... 9
5.
Support & Resistance
Resistance Lines ....................................................
..............................................................................
............................
.. 11
6.
Candlestick
Candlestick Patterns..........................
Patterns...................................................
...................................................
.........................................
............... 12
7.
161.8% Fibonacci
Fibonacci Retracement
Retracement ..................................................
..........................................................................
........................ 14
III. Buy Trade Rules.................................
Rules..........................................................
..................................................
.............................................
.................... 16
IV. Sell Trade Rules .........................................................
..................................................................................
.............................................
.................... 20
V. Example Trades..................................................
............................................................................
....................................................
............................
.. 24
1.
GBPUSD Long Trade .........................................
..................................................................
.................................................
........................ 24
2.
EURUSD Long Trade .........................................
..................................................................
.................................................
........................ 27
3.
AUDUSD Short Trade
Trade .................................................
..........................................................................
........................................
............... 30
4.
USDJPY Short Trade ......................................................................
..........................................................................................
.................... 33
VI. Important Notes ...................................................................
............................................................................................
....................................
........... 36
3
Forex Master Level
I. Introduction
Hi everyone!
In this report, I want to introduce you to an excellent trading system that conquered the
Surefire Trading Challenge version 2, in which it gained 174.38% in one month of live
trading during the competition. It’s called the Forex Master Level trading system.
This system is definitely one of my favorites from SFTC. It’s suitable for any session, so
whatever free time you have to trade, you can use this system. Also, you can trade it on
any currency pair, although GBPJPY is the currency pair of choice because of its
volatility. To trade this system, we need to use the Daily timeframes for the initial
analysis and move down to the 4 Hour to trade.
The indicators and tools we use to trade for the system are found in your MetaTrader 4.
Please find the chart template for the system on the designated download page in the
member’s area.
In this report, we’ll go over the different indicators and tools that are used for the
system, discuss the trading techniques we need to apply, then talk about the trading
rules and move on to the trading examples.
Let’s get started…
4
II. Indicators & Tools
The system uses the following indicators and tools: EMA 5; SMA 5, SMA 21, RSI 5,
Fractals and Trendlines. Below is what our basic chart template looks like. Over it, we’ll
need to add support and resistance lines, and in some cases, trendlines and a
Fibonacci retracement, but more on that later.
To apply the chart template, download the file and save it into your templates folder.
Open your MT4 platform, click on the Templates icon and select the “FXMasterLevel”
template.
5
1.
Moving Averages
The Moving Average is the most common indicator used to determine the trend of the
market. There are four different types of moving averages , but for this system, we’ll only
concentrate on the exponential moving average (EMA 5) and some simple moving
averages (SMA 5, 21, and 233).
The simple moving average (SMA) is basically the average of a set of prices or periods.
Each period is given equal weight in the calculation. The exponential moving average
(EMA) also computes the average of a set of prices or periods, but it gives more weight
or importance to more recent data. Because of this, it is more reactive to recent price
movements. Notice that the EMA 5 is closer to the candles than the SMA 5?
6
Basically, price is considered bullish if it is above a moving average and bearish if it’s
below the moving average. The biggest advantage of using more than one moving
average is that it provides a stronger indication of the trend. Price is bullish when it is
above a faster moving average that has crossed above a slower moving average.
To the left below is a perfect example of a bullish or uptrend. You can see that the
moving averages are in the following order: 5 period EMA is above the 5 period SMA,
which is also above the 21 period SMA and the 233 period SMA.
A bearish trend would follow the exact opposite. The image to the right above shows a
textbook example of a bearish or downtrend. You can see that the 233 period SMA is at
the top, followed by the 21 period SMA, then the 5 period SMA and at the bottom is the
5 period EMA.
There’s one more moving average tha t we need to use with this system, a 21 period
SMA applied on another indicator called the Relative Strength Index or RSI. We’ll talk
about that in the next section.
7
2. Relative Strength Index
The Relative Strength Index or RSI is a momentum oscillator, which measures the
speed and change of price movement and plotting that on a 0 to 100 scale.
There are many ways in which to use the RSI, but for this system, we will apply a 21
period SMA on top of it so we can have a better idea of the trend. On the image below,
you can see that as price moves down, the RSI 5 crosses under the SMA 21. This
indicates a downtrend.
Next, the RSI 5 crosses above the SMA 21 as the price moves up to form an uptrend.
You may notice that we used the same basic principle in identifying the trend on the
moving average. The RSI 5 reacts quickly to price changes unlike the SMA 21 which is
slower because it is based on the value of RSI for 21 periods or candles. When RSI 5
crosses above SMA 21, it means that recent prices are much higher than usual, so we
have an uptrend. The opposite is true for a downtrend.
8
3. Fractals & Trend Lines
The Fractals indicator is to be used
on the 4 Hour chart. A Fractal is a
type of pattern used in technical
analysis to predict a reversal in the
current trend. Fractal patterns consist
of five bars.
An Up Fractal occurs when the
highest bar is located in the middle of
the pattern and two bars with lower
highs are positioned on both sides.
A Down Fractal occurs when the
lowest bar is located in the middle of
the pattern and two bars with higher
lows are positioned on both sides.
4. Trendlines
We’ll use trendlines to highlight the trend. A trend line is defined as a straight line that
starts at the beginning of the trend and stops at the end of the trend.
We’ll draw our trend lines at significant Fractal levels that appear on the most recent
bars on the 4 Hour chart.
Let’s take a look at some examples on the next page.
9
To draw a trendline, click on the Trendline tool on your MT4 platform…
For an uptrend, start by
clicking on the starting
point of the trend (A)
under the price, and then
drag your mouse towards
another significant fractal
point (B).
For a downtrend, start by
clicking on the starting
point of the trend (C)
above the price, and then
drag your mouse towards
another significant fractal
point (D).
10
5. Support & Resistance Lines
These support and resistance lines are drawn on the Daily chart, and they help
determine the re-entry points as well as stop loss or exit points for our trades.
To draw your support and resistance lines, go to the Daily Chart and click on the
“Horizontal Line” Tool on your platform…
Next, place your line by clicking at the highest price of the previous candle (A). Place
another line at the lowest price (B) of the previous candle. The image to the right shows
how the support and resistance lines look like when you go back to the 4 Hour chart.
11
Basically, we can reenter the market if price touches the support or resistance levels
only if the other rules for entering a trade are still valid.
Here’s how they are used as stop loss or exit levels. For long trades, set the stop loss at
the previous day’s low, or exit manually if price touches that level. For short trades, set
the stop loss at the previous day’s high, or exit manually if price touches that level.
If the support and resistance lines remain untouched or unbroken by price in the next
few days, they will still be considered as “valid”.
6. Candlestick Patterns
The system also utilizes basic candlestick patterns, which are: Bullish/Bearish Engulfing
Pattern, Hammer, and Inverted Hammer candlestick patterns. These can be used as
additional confirmations at one’s discretion and are not essential to entering a trade.
a. Bullish engulfing pattern for long trades
The Bullish engulfing pattern has variations in its formations which can be
considered. The significant part of engulfing patterns is the nature of their
real bodies. In bullish engulfing patterns, the real body of the bullish candle
must engulf the real body of the bearish candlestick preceding it.
Their shadows are not important. Sometimes in a fast moving market the
bullish candle can open inside the real body of the bearish candle creating
about a 7-10 pip gap and close above the open of the bearish candle. It can
still be considered as a bullish engulfing pattern because of the gap.
12
b. Bearish engulfing pattern for short trades
The Bearish engulfing pattern is the opposite of the Bullish engulfing pattern.
In Bearish engulfing patterns, the real body of the Bearish candle must
engulf the real body of the Bullish candlestick preceding it.
Again, their shadows are not important.
c. Inverted Hammer candlestick pattern
The inverted Hammer most often appears as a bullish inverted candlestick and also
appears in a market that opens at or near its low, creating a candle with a small real
body.
13
7. 161.8% Fibonacci Retracement
This is an optional tool that can be used to occasionally confirm the point of exit,
specifically, as a take profit target on the 4 Hour chart. Sometimes you will find that you
cannot use the high or low of the previous day as price may have already passed these
levels. In these scenarios, you can use the 161.8% Fibonacci level as your target
instead. In this system, the Fibonacci retracement is not used in the conventional
manner. It should be drawn from the point where the 5 EMA and 5 SMA crossed to the
highest high or lowest low of the previous day.
To draw the Fibonacci retracement, click on the Fibonacci Retracement tool on your
platform…
For a buy trade, start from the point where the EMA 5 and the SMA 5 crossed and end
at the previous day’s low, which is indicated by a red horizontal line.
14
For a downtrend, start at the point where the EMA 5 and the SMA 5 crossed and end at
the previous day’s high.
You have an option to remove the unused levels of the Fibonacci retracement to keep
your chart clutter free. Just right click on it, go to “Fibo properties…”, and under the
“Fibo Levels” tab, select the levels you want to remove and click on the “Delete” button.
So that’s it for the indicators!
In the next section, we’ll take a look at the trading rules of the Forex Master Level.
15
III. Buy Trade Rules
Follow the rules below for placing long trades.
1. On the Daily chart, check that the price is in an uptrend using the following criteria:
a. The 5 EMA (BLUE line) must be above the 5 SMA (RED line) and the 21 SMA
(GREEN line); The 5 EMA is the most important moving average in this system.
b. The RSI 5 is above the 21 SMA.
c. The trend is up if both conditions above are met.
2. If the trend is up, determine the previous day’s High and Low and place horizontal
lines to mark them on the daily chart. These will act as support (previous day’s Low)
and resistance levels (previous day’s High).
16
3. Determine the entry on the 4 Hour chart using the criteria below. The conditions for
one of the following options must be met.
Option 1: Aggressive Approach
a. The EMA 5 (BLUE Line) crosses above the SMA 5 (RED Line).
b. The RSI 5 crosses/has crossed above the 21 SMA (GREEN Line) from
below.
OR
Option 2: Conservative Approach
a. The EMA 5 (BLUE Line) crosses above the SMA 21 (GREEN line).
b. The RSI 5 crosses/has crossed above the 21 SMA (GREEN Line) from
below. This condition is not essential.
NOTE: The conservative approach is the preferred strategy because the signals are
much more reliable. There must be an RSI/SMA crossover together with either a 5
EMA/5 SMA or a 5 EMA/21 SMA crossover for a valid signal.
Below, you can find examples of the Aggressive and Conservative Approaches to
finding trading signals. Take note that this needs to be done on the 4 Hour chart.
17
4. Look for candlestick patterns for additional confirmation. This is not a required step
and candlestick patterns don’t always appear, but if they do, they can help confirm
the signals identified above. Follow the guidelines below:
a. For a buy trade confirmation, either a Bullish Engulfing pattern or a Hammer
pattern may appear before the EMA 5 (BLUE Line) crosses the SMA 5 (RED
Line) or the SMA 21 (GREEN Line).
b. Look for candlestick patterns on the chart right before the EMA/SMA crossover
occurs. If the candlestick pattern doesn’t occur, just follow the crossover and look
to enter when the crossover occurs.
5. Enter a buy trade with a market order at the open of the candle following the EMA 5
crossover or the RSI 5 crossover, whichever occurs last.
6. Set the take profit level at the resistance line or at the 21 SMA. You may use the
Fractals on the 4 Hour chart to draw trend lines that can be used as a target profit
level or as a re-entry point.
7. You have the option to set the stop loss at the nearest support level. The support
and resistance lines are determined by the previous day’s low and high respectively.
18
Below (left), you can see that the buy trade was placed at the close of the candle where
the EMA 5 and SMA5 crossed over, the RSI also crossed over the SMA 21
simultaneously. The stop loss was set at the previous day’s low (41 pips) and the take
profit was set at the previous day’s high (64 pips). Not long after (right), price hi t the
take profit level and the trade was closed with 64 pips profit.
8. If you opted not to set a stop loss level, you may exit the trade when one of the
following conditions are met:
a. The EMA 5 (BLUE Line) crosses back below the SMA 5 (RED Line).
b. RSI 5 crosses below the SMA 21 (GREEN Line).
c. When price stalls at major resistance, trend line, pivot point, Fibonacci projection
target of 161.8 or at the SMA 21 (GREEN Line).
d. When a bearish engulfing pattern or inverted hammer candlestick pattern forms
before the EMA 5 (BLUE Line) crosses below the SMA 5 (RED Line).
e. The SMA 233 (WHITE Line) may also be used as an exit point for the trade when
price touches it.
19
IV. Sell Trade Rules
Here are the rules to follow for placing short trades.
1. On the Daily chart, check that the price is in downtrend using the following criteria:
a. The 5 EMA (BLUE line) must be below the 5 SMA (RED line) and the 21 SMA
(GREEN line); The 5 EMA is the most important moving average in this system.
b. The RSI 5 is below the 21 SMA.
c. The trend is down if both conditions above are met.
2. If the trend is down, determine the previous day’s High and Low and place horizontal
lines to mark them on the daily chart. These are the support and resistance levels.
20
3. Determine the entry on the 4 Hour chart using the criteria below. The conditions for
one of the following options must be met.
Option 1: Aggressive Approach
a. The EMA 5 (BLUE Line) crosses under the SMA 5 (RED Line).
b. The RSI 5 crosses/has crossed under the moving average (SMA 21-The
GREEN Line) from above.
OR
Option 2: Conservative Approach
a. The EMA 5 (BLUE Line) crosses below the SMA 21 (GREEN line).
b. The RSI 5 crosses/has crossed below the SMA 21 (GREEN Line) from
above. This condition is not essential.
NOTE: The conservative approach is the preferred strategy because the signals are
much more reliable. There must be an RSI/SMA crossover together with either a 5
EMA/5 SMA or a 5 EMA/21 SMA crossover for a valid signal.
The example below shows a conservative approach. The aggressive approach is not
applicable in this scenario because the RSI has not yet crossed over when the 5
EMA crossed under the 5 SMA. You can see that the RSI 5 has just crossed below
the SMA 21 at the current candle.
21
4. Look for candlestick patterns for additional confirmation. This is not a required step
and candlestick patterns don’t always appear, but if they do, they can help confirm
the signals identified above. Follow the guidelines below:
a. For a sell trade confirmation, either a Bearish Engulfing pattern or a Hammer
pattern may appear before the EMA 5 (BLUE Line) crosses the SMA 5 (RED
Line) or the SMA 21 (GREEN Line).
b. Look for candlestick patterns on the chart right before the EMA/SMA crossover
occurs. If the candlestick pattern doesn’t occur, j ust follow the crossover and look
to enter when the crossover occurs.
5. Enter a sell trade with a market order at the open of the candle following the EMA 5
crossover or the RSI 5 crossover, whichever occurs last.
6. Set the take profit level at the support line or at the 21 SMA. You may use the
Fractals levels on the 4 Hour chart to draw trend lines that can be used as a target
profit level or as a re-entry point.
22
7. You have the option to set the stop loss at the nearest resistance level. The support
and resistance lines are determined by the previous day’s low and high respectively.
8. If you opted not to set a stop loss level, you may exit the trade when one of the
following conditions are met:
a. The EMA 5 (BLUE Line) crosses back above the SMA 5 (RED Line).
b. RSI 5 crosses above the SMA 21 (GREEN Line).
c. When price stalls at major resistance, trend line, pivot point, Fibonacci projection
target of 161.8 or at the SMA 21 (GREEN Line).
d. When a bullish engulfing pattern or inverted hammer candlestick pattern forms
before the EMA 5 (BLUE Line) crosses below the SMA 5 (RED Line).
e. The SMA 233 (WHITE Line) may also be used as an exit point for the trade when
price touches it.
Here are some examples of exit points. Using the aggressive approach, the sell trade is
entered at the close of the candle where the EMA 5 crossed under the SMA 5. The stop
loss is set at the previous day’s high. The trade can be closed by setting the stop loss at
the previous day’s low or closed manually when the SMA 5 crossed below the EMA 5 or
when the RSI 5 crossed above the SMA 21.
23
V. Example Trades
1. GBPUSD Long Trade
Below you can see the GBPUSD Daily chart and the current candle has just opened.
The first step is to check that price is in an uptrend. As you can see, the 5 EMA (BLUE
line) is above the 5 SMA (RED line) and the 21 SMA (GREEN line). You can also see
that the RSI 5 is above the 21 SMA. So, we have an uptrend.
Next, we’ll place horizontal lines on the previous day’s high and low prices. These are
our support (previous day’s Low) and resistance levels (previous day’s High).
We’re now ready to go to the 4 Hour chart.
24
On the 4 Hour chart, we’ll look for our buy trade signals. The EMA 5 (BLUE Line) has
just crossed above the SMA 5 (BLUE line). The RSI 5 has also crossed above the 21
SMA (GREEN Line) from below.
Our entry will be at the close of the current candle on the 4 Hour chart (1.5224) and the
stop loss will be along the SMA 21 or the previous day’s low (1.5152).
There are many options to exit the trade, let’s see how our trade played out.
25
On the image below, you can see that the price went up to touch the SMA 233 (1.5306),
and this is our first option to exit the trade. Price continued to climb until the EMA 5
crossed back under the SMA 5, and simultaneously, the RSI 5 crossed under SMA 21.
This is our second option to exit the trade.
Whichever option we take, we’d be out of the trade in profit of 80 pips (first exit) or 120
pips (second exit).
26
2. EURUSD Long Trade
Here’s another buy trade example, this time on the EURUSD. The current candle has
just opened on the Daily chart. The 5 EMA (BLUE line) is above the 5 SMA (RED line)
and the 21 SMA (GREEN line). The SMA 233 is found at the bottom of the other moving
averages, so we have a very strong uptrend here.
Next, we’ll place horizontal lines on the previous day’s high and low prices, which serve
as our support and resistance levels.
Let’s now shift to the 4 Hour chart.
27
On the 4 Hour chart, we’ll look for our buy trade signals. The EMA 5 (BLUE Line) has
already crossed above the SMA 5 (BLUE line). The RSI 5 has also crossed above the
21 SMA (GREEN Line). These are our signals to enter a buy trade.
Our entry will be at the close of the current candle on the 4 Hour chart (1.3346) and the
stop loss will be along the previous day’s low (1.3314). For this trade, we’ll set our take
profit along the previous day’s high (1.3374).
28
Our trade played out well. At the next candle, price hit our take profit (1.3374) and we’re
out of the trade with 28 pips.
29
3. AUDUSD Short Trade
Our first sell trade example is on the AUDUSD chart. Let’s first look at the Daily
timeframe. As you can see, the 5 EMA (BLUE line) is below the 5 SMA (RED line) and
has just crossed the 21 SMA (GREEN line). You can also see that the RSI 5 is below
the 21 SMA.
Now that we’ve established that we have a downtrend, we’ll place horizontal lines to
mark the previous day’s high and low prices.
Let’s go down to the 4 Hour chart.
30
On the 4 Hour chart below, you can see that the EMA 5 (BLUE Line) crossed under the
SMA 5 (RED Line), and underneath, the RSI 5 has crossed under the SMA 21.
We’ll enter our sell trade at the close of the current candle (0.8944). As for our stop loss
level, we can draw a trendline connecting two significant Fractals and we can use it as a
basis to exit the trade. If price touches the trendline, we can exit our trade.
In this scenario, the current candle is almost touching the previous day’s low, so we
can’t use it as our take profit level. We can p lace a Fibonacci retracement and use the
161.8 level as our take profit target (0.8909).
Let’s take a look at our results.
31
On the next candle, price hit the take profit level (0.8909) and we got out of the trade
with 35 pips profit.
32
4. USDJPY Short Trade
Our last example is taken from the USDJPY. On the Daily chart below, you can see that
the 5 EMA (BLUE line) has just crossed under the 5 SMA (RED line) and both are under
the 21 SMA (GREEN line). You can also see that the RSI 5 is below the 21 SMA.
We have a confirmed downtrend on the Daily chart, and we’ve placed horizontal lines
along the previous day’s high and low prices.
Let’s check out our 4 Hour chart to look for o ur trade.
33
On the 4 Hour chart, the EMA 5 (BLUE Line) had already been under the SMA 5 (RED
Line). It crossed up along the previous candle, and has now crossed back under the
SMA 5. , and underneath, the RSI 5 has crossed under the SMA 21.
At the bottom of the chart, you can see that the RSI 5 has been under the SMA 21 for
some time.
We’ll enter our sell trade at the close of the current candle (98.15).
We can set our stop loss along the SMA 21 (98.97). Alternatively, we can use the
trendline connecting two significant Fractal levels as our exit point when price touches it.
We entered our trade along the previous day’s low, so we can’t use it as our take profit
target. Instead, we can wait for the EMA 5 to cross back above the SMA 5 or the RSI 5
to cross under SMA 21 before closing the trade in profit.
34
Below, you can see that price just kept going down. We had a very strong downtrend.
Our first option to close the trade was when the RSI crossed above the SMA 21 (96.35).
This means that price is now beginning to go up. The second signal to close the trade
was when the EMA 5 crossed above the SMA 5 and simultaneously, price touched the
down trendline (96.73).
Whichever option we’d have taken, we’d be out of the trade with 180 pips profit (first
option) or 140 pips profit (second option).
35
Download
Random flashcards
Rekening Agen Resmi De Nature Indonesia

9 Cards denaturerumahsehat

sport and healty

2 Cards Nova Aulia Rahman

Tarbiyah

2 Cards oauth2_google_3524bbcd-25bd-4334-b775-0f11ad568091

Dokumen

2 Cards oauth2_google_646e7a51-ae0a-49c7-9ed7-2515744db732

Create flashcards