ASCTrend system - page 13
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Buy on GBPUSD.
Just starting.
3rd target was met on info template and first on trade template.
+21 pips up to now (GBPUSD).
So we opened buy on GBPUSD.
And look at the image for information about what is going on now.
Where to exit?
It is not flat market already. So we are having the other rules in this case.
- We may exit if the 3rd or 4th target on info template was met (3rd or 4th brown line on info template).
Now the price crossed the 3rd target on info template. +29 pips in profit.
It we may exit on PT indicator: blue line is crossing the red one.
And it is going sell on USDJPY right now.
Situation is developing as quickly so I do not have time to post the images sorry.
Something is starting on EURUSD and especially on USDCHF. But I do not have a time to look at this pairs. It is very difficult to trade M5 timeframe and to post in the same time.
I think it will be sell on USDCHF and may be buy on EURUSD.
I am not very sure about EURUSD but USDCHF is just started.
BTW, it is +37 pips for GBPUSD and +6 for USDJPY now.
Two orders are still open.
The GBPUSD price is coming to our final arget - 4th target on info template.
We may estimate exit for our order for GBPUSD.
No it is too early for exit now. But .. just to be sure that we know where to close this order. So we have a choise: look at the image.
But it is not exit yet.
It's what have now in MetaTrader.
Yes!. Sell on USDCHF.
On the close bar.
But fast stochastic in oversold condition so will wait untill it will be reversed.
And it is not buy on EURUSD yet (price did not cross blue line of RoundPrice_big_mod indicator on the close bar) ...
We have two orders opened already so ... it may be enough ...
Probable it will be exit for our two orders soon.
Market is going onto correction now. Look at fast stochastic for all the pairs. All the pairs are doing it simultaniously.