Professional Documents
Culture Documents
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• Buy stop order above corrective candles
• Profit target 1R to 1.5R
3) Bull Flag (middle up or down trend)
• (6 EMA Ignore) 18 EMA >50 EMA >200 SMA tested at least once to be strong resistance
• recent swing high > previous swing high and recent swing low > previous swing low
• Fibonacci level 50% or 61.8
• candles hit 50 EMA support (tested to be strong ie : not hit 200EMA)
• buy stop order only at 50 EMA(Bullish engulfing pattern)
• 1R(below previous swing low) and 2R(below recent swing high)
5) EMA Bounce (middle up or down trend)
• 5 majors news (non farm payrolls NFP, consumer price index CPI,GDP date, Unemployment
claims, interest rate)
• Enter order 3 minutes before news is announced
• Buy stop order 12 pips and stop loss order at current price
• After news released market price move up or move down within 10s (if no triggered cancel
order)
• Take profit or shift stop loss after 60s if triggered buy order or sell order