SELL EURAUD FOR WEEKLEY INCOME TRADER.-
ALERT SIGNAL FOR POSITIONAL
TRADE ALERT SIGNAL
DATE -14/10/2018
SELL ENTRY 1 - 1.63007
SELL ENTRY 2 - 1.63534
STOPLOSS- 1.64121
TARGET 1 - 1.62456
TARGET 2 - 1.61888
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Happy trading.
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HOW WEEKLEY WIT SIGNAL IS VALID
FOR DAILY INCOME TRADER(DIT)
1,IT IS VALID UPTO 24 HOURS,ONCE IT HITS THE ENTRY
2,ONCE PAIR CROSSED 10 PIPS,MOVE YOUR TRAILING STOPLOSS TO 2 BREAKEVEN OR ENTRY
3, WAIT FOR TARGET OR EXIT AT YOUR OWN COMFORT
MONEY MANAGEMENT RULES
Let’s say, If you have 1000 USD trading balance, you can use Maximum 0.10 lot (0.02+0.03+0.05 = 0.10 lot is the addition of all your open trade lot sizes).
0.10 lot should be your maximum open lot on your 1000$ trading account.
10,000 USD balance = 1 lot maximum (Example : 0.25 lot x 4 orders = 1 lot)
50,000 USD balance = 5 lot maximum (Example : 1 lot x 5 orders = 5 lot)
If you are more emotional(tension, sad, greedy) while trading, You can change your leverage below 1:50 to control your emotions.
*SUBJECTED TO MARKET RISK
Understanding the importance of each or these trading rules, and how they work together, can help traders establish a viable trading business. Trading is hard work, and traders who have the discipline and patience to follow these rules can increase their odds of success in a very competitive arena.
Personally, I like to use a system that has the highest reward to risk, which means that I tend to look for turning points at support and resistance levels because these are the points where it is easiest to identify and quantify the risk. Support is not always strong enough to stop a falling market, nor is resistance always strong enough to turn back an advance in prices. However, a system can be built around the concept of support and resistance to give a trader the edge required to be profitable.
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TEAM FXSIGNAL]
EURAUD
A trading opportunity to buy in EURAUDMidterm forecast:
While the price is below the resistance 1.6190, resumption of downtrend is expected.
We make sure when the support at 1.5275 breaks.
If the resistance at 1.6190 is broken, the short-term forecast -resumption of downtrend- will be invalid.
Trading suggestion:
There is a possibility of temporary retracement to suggested resistance zone (1.5825 to 1.5890). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.5890)
Ending of entry zone (1.5825)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Technical analysis:
The RSI support #1 at 49 is broken, so the probability of resumption of downtrend is increased.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 1.5880 on 07/12/2018, so more losses to support(s) 1.5605, 1.5530, 1.5425 and minimum to Major Support (1.5275) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 41.
Take Profits:
TP1 = @1.5605
Tp2 = @1.5530
TP3 = @1.5425
TP4 = @1.5275
TP5 = @1.5075
TP6 = @1.4910
TP7 = @1.4605
TP8 = @1.4445
TP9 = @1.4040
TP10 = @1.3675
TP11 = @1.2225
TP12 = @1.1600
TP13 = Free
Trade Setup:
We opened 12 BUY trade(s) @ 6118.08 based on 'Hammer' entry method at 2018.08.14.
Total Profit: 462720 pip
Closed trade(s): 0 pip Profit
Open trade(s): 462720 pip Profit
Closed Profit:
TP1 @ 6415.00 touched at 2018.07.16 with 13965 pip Profit.
TP2 @ 6974.35 touched at 2018.07.17 with 69900 pip Profit.
TP3 @ 7682.60 touched at 2018.07.23 with 140725 pip Profit.
13965 + 69900 + 140725 = 224590 pip
Open Profit:
Profit for one trade is 6503.68(current price) - 6118.08(open price) = 38560 pip
12 trade(s) still open, therefore total profit for open trade(s) is 38560 x 12 = 462720 pip