1st Trade Setup is the favorite head and shoulder pattern with a promising profit of 50pips more or less. the wnd trade setup is the pull back using fibonacci tool to identify take profit position.. for the stop lost be specific not to break the highest position coz if it does then the trand is still to go up.
To confirm our position lets wait for our stochistic RSI to be overbought. in which i specifically mark on the pic above the start trade. Again once we have this confirmation then its time to go for 5min chart to identify point of entry. Why 5min to minimize looses. but not compromise position.
for eurusd update last night it consilidated in which i took an error and loose $4 dollars. another lesson learn to follow trade plan
click video bellow to exactly show my explanation
the right shoulder that we are waiting did not materialize but instead it break to our roof
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