- How to reveal next key breakout and strong Support this week.
I share this trade plan is -- not to rival your signal -- because
- this is one of the ways to educate new A2SR users, and/or
- especially for people who are new to forex this year, and/or
- even for people who intend to leave the old ways
which are generally easy and make sense for them, but ..
the reality of the market is not that easy :)
- EURGBP and GBPUSD
Please read previous trade plan here.
Before we continue to next stage of our trade plan, then
this is a review how the price steps on each actual SR in the previous week.
-- Click on the image to enlarge.
Experienced SR traders would see the steps like this :
Actually, they "have" step number 3 in their mind like this :
What's next ?
Today, in the short-term scale H1, we can see there's strong breakout will send you an alert,
and 2nd tested support as key breakdown.
If market sentiment in the previous week has not changed, then we can expect EURUSD to decline this week,
that is at the following stage in step 3:
If market sentiment changes, we can expect a rise in EURUSD, which is marked by step 2.
To get the best position, do you have the patience to wait for step 3?
- Where is strong support we can buy back EURUSD?
Writing is being continued.
If you don't understand the pictures above, then trading is risky for you.
In fact, trading is not suitable for everyone. Even your broker said that :)
So, do not trade on forex until you understand this question: "What drives currency prices ?"
- Ready for learning SR Strategy ?
A2SR is a leading indicator and complete instruments for SR Strategy.
- Get user's guide :
English at https://c.mql5.com/31/202/A2SR_User_Guide_EN.zip
Chinese at https://c.mql5.com/31/237/pcv5A2SR.zip
Bahasa Indonesia at https://c.mql5.com/31/273/A2SR_User_Guide_ID.zip
Work on strong SR at https://c.mql5.com/1/81/A2SR_-_Price_is_walking_on_each_Actual_SR.gif
1st hit opportunity at https://c.mql5.com/31/247/A2SR_USDCAD_180525.png
More description and example at https://www.mql5.com/en/market/product/5225#!tab=comments&page=10
- On news events or central banks speech, A2SR support you with Market Sentiment.
Market Sentiment in A2SR is totally different with any known traditional currency meter
or currency strength.
- Get user's guide :
- Previous trade plan and education material at here.