did some Fibonacci calculations you would also find that same point matches with 50 and 62 retracement levels. Place that pending order and trade the breakout of the low of the shooting star candlestick. The second buy trade (1.2974) with protective stop loss.2841 is still open. Now, when you place an order for entry to take at this level you do on the basis of an input signal Forex clearly defined. Which means you can move your stop loss to break even.
Some traders sent an entry order to go long or short once price has broken the trendline by a few pips.
We refer to the RSI Trendline Violation technique as "Simply the Best" Forex trading technique.
This techniques is so good that we call it Simply the best Forex entry technique.
The first sell trade (1.3293) with protective stop loss.3412 was closed.2974 for 319 pips. Put in your entry order to be take in long at this point where the trendline intersects with the other indicators and set a reasonable target limit for what probably will be a profitable trade. Learn to trade Forex is a difficult job and should be treated as a business, as well as any other company. That works for some. Trendlines are only one tool operators experienced with use of other indicators to provide a reliable Forex signal input. Be aware that signals the trend line on late trading lower as 30 minutes, 15 minutes, or even 5 minute charts are very high-risk trades. Which means that trade is now a risk-free trade.