Aud Jpy = Divergent head and shoulders 4hrs
Aud Usd = Divergent head and shoulders 4hrs
Usd Jpy = Head and shoulders 1hr
Gbp Nzd = Divergent head and shoulders 4hrs
Changes on the system
.618 on AudUsd might not follow for the reason it dive down so deep that nearly destroy the head and shoulders pattern. but still I strictly follow rejection retest and 15min crossover back up by MACD.
New things
1. AudJpy = is under 618 which im going to consider for the same reason on AudUsd
Since im waiting on right shoulder I dont have any data to encode but to follow the enhanced version of entry point guide.
USDJPY
1 hr rejection done
1 hr retest done
15 min crossover done
MACD confirmation = NOT CONFIRM - did not take the trade
GBPNZD
1 hour rejection done
1 hour retest done
15min cross over done
MACD confirm
traded at exactly the crossover was seen which make it advance. the reason for it is I might not get enough pips which will make my trade size low. since stop lost is more than 30 pips I lowered my trade size to .4 lot. which risking 72 pips = $19.62 and the take profit is 76 pips = $22 dollars. ratio is almost 1:1
LOST TRADE - points to remember is the stop lost must not more than 30 pips and the structure must be clear on direction of the shoulders. however my analysis was still correct due to 76pips i was not able to set my stop lost to favorable distance where spread was not considerd and if followed the 30 pips rule out i have already profited.
Solution
1. 2nd trade 30 pip rule 1:1 do not trade above 35 pips stop lost
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