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πCable moved exactly as we predictedπ I'm hoping everyone did very wellπ΅π΅π΅ππ΅π΅π΅ and banked a lot of pips this last day of the year 2020
πWhat Next Now ? π
π Just validate this pattern then ride with the rest.
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πTrading Cable is very easy once you know where Cable is going and for how longπ All you have to do is jump in at the end of the correction , take your emotion out of the market then let your winners run π΅π΅π΅ππ΅π΅π΅ πRemember that Cable has a tendency of moving in an (A-B-C-D Pattern) usually spotted in smaller time frames.
πOnce you spotted ( A and B ) make sure you jump in at the end of ( C ) then Take your profit at ( D ) π΅π΅π΅ππ΅π΅π΅ very easy as it says " A-B-C-D"
πThe only reason I shared this very productive knowledge it's because I believe that Forex knowledge is FREE and should not be sold for profitπ if you're following me or just reading this post idea I'm hoping you'll do the same to your followersππ Make money trading Forex and not selling FREE knowledge to less privileged people.
πGodπ will bless you more than you expected, if you share Forex knowledge for FREE and stop being SELLFISH ππ§
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If you did not do very well this year 2020 , I'm hoping you will do better as from tomorrow , new year 2021π΅π΅π΅ππ΅π΅π΅
π Only enter trades when price is at a support (demand) or resistance (supply) level, no matter what time of the day or night.
π Two types of entries : Breakouts and first pullbacks
π Each day , identify one demand and supply level using a larger intra-day time frame. Always know where the market is in the larger picture with regard to supply and demand.
π Only trade opportunities that offer at least a 3:1 profit zone to the first target.
π Don't get fooled by : News , Lagging indicators, Subjective information.
π Remember , any and all influences on price are reflected in price... Price is all we need.
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π The only two types of entries you will ever need.
πThe first Pullback entry is the lower risk/higher reward entry though many people are not comfortable with it. Most will use breakout entries which are fine when executed properly.
πWhat determines whether each entry will work or not are two things. We will use demand as an example in this case as both examples here are moves from the demand.
πFirst, the demand area must be a fresh demand level meaning that price has not revisited the level.
πSecond, the profit zone (profit margin) must be significant as seen in the chart above. In other words , there must be room for price to move after you enter.
πI will do and share a more in depth examples of how to spot good Supply and Demand area in the near futureπ
Thank you for following my ideas and with your likesπyou provided to appreciate my ideas...π
πPlease, make sure you validate this pattern before jumping inπ
πI wish you all the best π΅π΅π΅ππ΅π΅π΅and productive new year (2021)