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The EURUSD moved a total of 300pips last month and the 300 pips was divided into 3 section, each section=100pips
1st section=movement from 1.10000-1.09000=100pips
2nd section=movement from 1.09000-1.08000=100pips
3rd section=movement from 1.08000-107000=100pips
The question is how do I trade this movement?
The answer is below.
If Price Is falling from (up1.10000) to (down 1.09000) .....open sell at 1.09000 and take profit of about 70pips-80 pips
But if price is rising from (down 1.07000) to (up 1.08000) open buy at 1.08000 and take profit of about 70pips-80pips
You watch where the price,is ascending or descending from and open good posiposition.
The EURUSD moved a total of 300pips last month and the 300 pips was divided into 3 section, each section=100pips
1st section=movement from 1.10000-1.09000=100pips
2nd section=movement from 1.09000-1.08000=100pips
3rd section=movement from 1.08000-107000=100pips
The question is how do I trade this movement?
The answer is below.
If Price Is falling from (up1.10000) to (down 1.09000) .....open sell at 1.09000 and take profit of about 70pips-80 pips
But if price is rising from (down 1.07000) to (up 1.08000) open buy at 1.08000 and take profit of about 70pips-80pips
You watch where the price,is ascending or descending from and open good posiposition.