Fxstreet live charts
Ok let me explain in details one charts one. We know the market is in a uptrend because the charts is above the blue MA. Fxstreet market retraced to the blue line with 3 consecutive lower highs 3 towers as we can see the red candles above.
Next, we entered long fxstreet the break of the high of the last retracement candle — which in this case is 3rd tower as live can see above. This example is to show that this fxstreet helps avoid fxstreet fake trades. Option Risk live reward. If your stop is pips your limit should live pips. Option Open 2 lots. Exit at Support and Resistance levels.
Option Exit at the nearest 50 or 00 level. These are psychological levels. Once in a trade, at the close of each candle, place your stop charts pip below the low if live a buy trade. Steps to Follow — Price is above the blue MA trend is up — Price is below the blue MA trend is down — Market retraces towards the blue MA with 3 consecutive lower highs in a uptrend — At the break of live high of the last candle, we enter long in a uptrend Example Alright, what do we know right off the bat live looking at this.
Exit Strategies Option Risk to reward. If your stop is pips your limit should be pips Option Open 2 lots. Exit at Support and Resistance levels Option Exit at the nearest 50 or 00 live. Vice versa for a sell trade.
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