- All of us heard that US will hike rates soon, possibility in December 2016 has percentage more than 90% the FED will do that.
- I am personally hope it is happen, because of this position https://www.mql5.com/en/charts/6101629/gold-d1-trading-point-of-how-low-can-you-go :)
- This is an important event like UK Brexit in previous couple months, thus we need now to prepare a trading plan at major Support & Resistance.
- With this strategy, we don't face any wave of market volatile before price goes to its correct direction.
- With the right tools for determining Support & Resistance, we feel comfortable to use strategy of catch falling knife (CFK) .
- Example : https://c.mql5.com/31/143/TP_Opportunities08__1.png, https://c.mql5.com/31/143/TP_Opportunities05.png, etc.
- So, we have a trading plan for EUR/USD is like this screenshot, with Dynamic (Stealth) position based on trendline angle :
People who understand how to work with Support and Resistance will get benefit from this screenshot.
Btw, this is not trade recommendation. Just for your review :)