GBPUSD
- Pattern Divergent: Head And Shoulders
- Advance and other Pattern forming
- ABCD
- Descending Triangle (waiting for break out)
- Riseng Wedge (waiting for break out)
- Gartley Pattern
- Time Frame : 4hrs
- Detected 7-24 Euro Session
- Traded 7-24 Us Session
- Ended = On going
- Votality 4hrs 40 Pips
- Stop Lost = allowable pips based on trades size
- Trade Size = $0.30/pip
- Take Profit = 78.8% Retracement of XA
EURAUD
- Pattern: Divergent Head and Shoulders
- Other Pattern Forming
- Flag Pattern (4hrs)
- Channel Down (4hrs)
- Time Frame: 4hrs
- Detected 7-23 Sunday Week end
- Traded 7-24 Us Session
- Ended = On going
- Votality 4hrs = 29 pips
- Stop Lost = 88% Retracement (above Head Point)
- Trade Size = $0.10/pip
- Take Profit = Upon completion of head and shoulders
Plan Application of Trading EurAud
Fist trade = forming of Right shoulder trade size $0.10 Take profit and stop lost is 1:1 Ratio. Once Take Profit is hit I will be having 100 pips equivalent amount is $7.94. This amount or pips i will use it for my second trade using Trade Size of $0.20 per pip. Point of entry will vary
- If MACD crossover going down I will wait to cross over going up or Get Fibo on the right shoulder
Point of entry proposal will be 61.8% from neck line to Right shoulder
Stop lost will be the whole 100 pips ($7.94) profit I earn on the completion of right shoulder but i will record the votality on this time to confirm safe stop lost
Take Profit will be just below the Yearly major Pivot
Stop lost will be the whole 100 pips ($7.94) profit I earn on the completion of right shoulder but i will record the votality on this time to confirm safe stop lost
Take Profit will be just below the Yearly major Pivot
- If Price break through on the neck line ill wait for the pull back of candle then trade. Take profit will be thesame just below the yearly pivot. Stop lost will also be the same. (the 100 pips profit)
For the Result on this Trade Plan click Link Below
https://fxact.blogspot.com/2017/07/update-on-2-divergent-head-and.html
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