SuddenFX

How to maximize profit with Price Action ScratchiCloud indicator

FX:EURJPY   Euro Fx/Japanese Yen
356 0 11
Using a 2/2 Deviation length probably provides the earliest entry point for a breakout. You will have to determine what kind of risk you are comfortable with. The larger the number on the left the longer and more reliable a breakout will be. The short number on the right is smaller to catch bear momentum .

Always trade in direction of daily candle for best setups.

Once the breakout has occurred, Place a Fibo retracement on the breakout line and draw to highest high. Exit your position before a break down of the 236 level for maximum profits.

If it doesn't pull back then stay in the trade and take the next highest high for a fibo retracement from your entry.

I hope this helps clear up any confusions.

If you have questions you can find me in FX Chat.
SuddenFX is a privately held and managed foreign exchange trading company based in Houston, Texas. We are not a licensed broker. These charts and ideas are for educational purposes and not advice. Disclaimer: http://www.suddenfx.com/disclaimer/

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