One of my favorite trades is trading to the trend line. Lots of people like to wait for breaks and retest and I do too. But another way to get some pips is to make the trade to the trend line. In this case ill take a long to the first trend line listed. I will then close my position and look for a break to get long to the 2nd listed rectangle. On the other side if we do not get a break I will look for a move lower. I will stay updated as usual
Comment
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After getting some profit on my longs I am now looking for a break in one direction or another.
Trade closed: target reached
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Comments
FxRanger
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Grate to predict two ways analyse, so pro
Art-of-FX
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Was easy, we knew it was in a correction , thought maybe the correction would break the top Trend line and go for one more wave up, but only made it a little bit before crashing through the correction channel. Once that happens its an easy short.