Just a short trade review which should emphasize the absolute necessity of your trading plan! Just FOLLOW YOUR PLAN! Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Should expect a pull back to the .5 followed by a rally to the 1.618 extension
Hey there traders, this is Ahmed from Pro Trading University, Everything is explained in the chart except the stop loss & targets. The stop loss goes 10 pips above the previous cycle high. Initial target comes at previous structure (the bottom of the double top). And no, the head & shoulder doesn't have to do anything with my entry, I just felt like drawing a man :)
I am curious of what you think about this trade? Be eying it you might see a bullish trend, the market had been going up strong. However, when we examine the technicality of the most recent move, we determine that the market is bearish. We at Pro Trading University entered the market in a shorting position. So, I am curious, would you call this a trend...
Please watch this explanatory video : www.youtube.com In this little educational video you will know my rules for trading the Cypher pattern in a simple and clear way. Then, I will show you two live pending Cyphers on GBPJPY, hourly time frame. Notice that I didn't go over the targets and stops in this video; I will cover them in a later video. I will see how...