Price trapped, waiting for a break and retest

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Rules:

.01 - 100 GBP
.02 - 200 GBP
.03 - 300 GBP
.04 - 400 GBP
.........
.10 - 1000 GBP

TWIN TRADE:

10 - 15 pips in profit = Set 2 pip stop profit
1st Order = 30 pip take profit
2nd Order = trail stop profit

30 pip stop loss no matter what.

Example of Twin Trading:

1000 GBP in account =
.05 + .05 = .10


1. Wait for a break of support (floor)
2. Wait for a RETEST (where price closes below the previous level of supports as a new resistance (ceiling), it is safe to enter

OR

1. Wait for a break of resistance (Ceiling)
2. Wait for a RETEST (where price closes above the previous level of resistance)
Once price confirms resistance as new support (floor), it is safe to enter.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.