Rimzie

Price TRAP - BREAKOUT

FX:EURCAD   Euro / Canadian Dollar
(1)
- Wait for BREAK of resistance (ceiling)

- Wait for RETEST (where price closes above the previous level of resistance)

- Once price CONFIRMS resistance as a new support floor, IT IS SAFE TO ENTER.



(2)
- Wait for a BREAK of support (floor)

- Wait for RETEST (where price closes below the previous level of support)

- Once price CONFIRMS support as a new resistance (ceiling) IT IS SAFE TO ENTER.



(3)
*ENTRYS ON 15min Time Frame

(4)
Risk Management

0.01 per £100
0.02 per £200
0.03 per £300
0.04 per £400
0.10 per £1000

(5)
30 pips TAKE PROFIT
30 pips STOP LOSS

1:1


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