1. Wait for the trend line break and the candle to close outside of the trend line OR
wait for the retest.
2. Look for any red folders in the news. If there is one concerning this pair, hold off on entering the trade.
3. Make sure that the confirmations are hit before entering the trade. BE PATIENT!!!
4. If price goes to the BUY BREAKOUT ZONE, set your STOP LOSS a few pips beneath the previous low.
5. If price goes to the SELL BREAKOUT ZONE, set your STOP LOSS a few pips above the previous high.
6. Set your TAKE PROFIT 15 to 20 pips from your entry point and BE PATIENT!!!!
wait for the retest.
2. Look for any red folders in the news. If there is one concerning this pair, hold off on entering the trade.
3. Make sure that the confirmations are hit before entering the trade. BE PATIENT!!!
4. If price goes to the BUY BREAKOUT ZONE, set your STOP LOSS a few pips beneath the previous low.
5. If price goes to the SELL BREAKOUT ZONE, set your STOP LOSS a few pips above the previous high.
6. Set your TAKE PROFIT 15 to 20 pips from your entry point and BE PATIENT!!!!