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A2SR - Determining Support to buyback EURGBP this week (including template file)

5 February 2020, 06:34

Yohana Parmi

443

Dear traders,
greetings.

Some friends here need help and asked me again to show how to create a trade plan, especially on EURGBP
-- because of them seems interested in some news event today.

EURGBP
-- Determining Support to buyback EURGBP on this news event :
A2SR - EURGBP view : H1
-- Even though you are changing the time frame but the SR level will remain on its position.
-- Because the actual SR is not obtained from the time frame you use.

Price correction at the actual support :

* this is not trading recommendation.
* only people who understand : SR Strategy -- can get benefit from this trade plan.

This article is also contain a template file for EURGBP - H1
All trading software certainly has a strong reason :
-- why they provide pending order features such as buy-limit and sell-limit.

Welcome 2020 in the right way in trading.
wish you all the best this year.

Files:

A2SR_-_EURGBP_view_H1_-_determining_Support_200205.tpl 6 kb

#support, resistance, breakout, eurgbp, GBP, a2sr, trade plan, sideways

Source

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Yohana Parmi 2020.02.05 07:15 #1

Trading Planner.
The student took this trade plan through semi automated EA - Trading Planner :

Yohana Parmi 2020.02.05 09:50 #2

EURGBP
controlled by strong breakdown

That is the same situation like this :
on GBPUSD Dec 16, 2019

Jan 23, 2020

Yohana Parmi 2020.02.05 11:04 #3

1-2-3 step on a stage for SR Strategy
The student took short-term or even scalping -- step 3 : view M15 at the 1st test 0.84500

Yohana Parmi 2020.02.05 14:46 #4

Conclusion
By this way, then people can avoid the trap for any reason in the market.
EURGBP was closed at short-term $3.06 only :)

but on all trade plans the student got 51% for the practice today (including scalp)

Yohana Parmi 2020.02.05 15:15 #5

Yohana Parmi:

1-2-3 step on a stage for SR Strategy
The student took short-term or even scalping -- step 3 : view M15 at the 1st test 0.84500

EURGBP - testing actual Resistance at 0.84500 before breakout
M5 -- lower scale to see more detail the situation on chart :

Yohana Parmi 2020.02.05 17:00 #6

Yohana Parmi:

Conclusion
By this way, then people can avoid the trap for any reason in the market.
EURGBP was closed at short-term $3.06 only :)

but on all trade plans the student got 51% for the practice today (including scalp)

Beginners (newbie) who are still in education can do it.
-- with some practice I am sure you can do it better :)

SR Strategy at actual Support and Resistance with useful instruments by A2SR
Guidance at https://www.mql5.com/en/users/yohana/blog

Yohana Parmi 2020.02.06 13:41 #7

Mission buyback EURGBP accomplished.
Feb 06, 2020
: situation today - in session Asia, Europe and opening New York

Tips.
Price correction usually happens at the time MCS reaches +45%-50% or (-45) - (-50%)
-- because the banks needs a stability.

We can play short-term there.
Example : GBPUSD - M15 (including short-term support below as backup positions)

Yohana Parmi 2020.02.06 15:43 #8

XAUUSD (Gold)
-- price respect to current actual support 1562.80/30
-- short-term traders or scalper can play on it
-- current actual Support for last defense of Gold today is at 1562

Yohana Parmi 2020.02.07 01:04 #9

Yohana Parmi:

Mission buyback EURGBP accomplished.
...

Tips.
Price correction usually happens at the time MCS reaches +45%-50% or (-45) - (-50%)
-- because the banks needs a stability.

We can play short-term there.
Example : GBPUSD - M15 (including short-term support below as backup positions)

This weekend: Plan to submit new update.
-- I will submit new update version 9.1 to get this chance into its feature -- as alert (push notification and arrow)
-- it will be displayed on all time frames.

Yohana Parmi 2020.02.07 01:31 #10

Yohana Parmi:

XAUUSD (Gold)
-- price respect to current actual support 1562.80/30
-- short-term traders or scalper can play on it
-- current actual Support for last defense of Gold today is at 1562

XAUUSD
Before it happen, Gold is actually supported by strong breakout in the time frames H1 and M15.

Yohana Parmi 2020.02.07 13:57 #11

Yohana Parmi:

XAUUSD
Before it happen, Gold is actually supported by strong breakout in the time frames H1 and M15.

NFP Feb. 7, 2020- XAUUSD (Gold)
-- Price still respect to actual current Support even on good news: NFP 225K above expectation 160K.
-- ... sideways is not over yet until actual Support 1562 broken :)
-- supported by strong breakout on Feb 6, 2020.

Yohana Parmi 2020.02.11 08:40 #12

Yohana Parmi:

This weekend: Plan to submit new update.
-- I will submit new update version 9.1 to get this chance into its feature -- as alert (push notification and arrow)
-- it will be displayed on all time frames.