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  • FX Bearish Power Reversal: Trade Setup

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    Roy
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    This document provides trading instructions for taking a bearish position when FX currencies show signs of a potential trend reversal. It outlines taking an initial position when the currency breaks below a prior pivot point and a second position if it retests resistance or gains over 2 average true range values. Risk management involves setting stop losses at prior swings or moving average levels and targeting a minimum 2:1 reward to risk ratio.

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    FX-Bearish-Power-Reversal

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    This document provides trading instructions for taking a bearish position when FX currencies show signs of a potential trend reversal. It outlines taking an initial position when the currency breaks below a prior pivot point and a second position if it retests resistance or gains over 2 average true range values. Risk management involves setting stop losses at prior swings or moving average levels and targeting a minimum 2:1 reward to risk ratio.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    13 views1 page

    FX Bearish Power Reversal: Trade Setup

    Uploaded by

    Roy
    This document provides trading instructions for taking a bearish position when FX currencies show signs of a potential trend reversal. It outlines taking an initial position when the currency breaks below a prior pivot point and a second position if it retests resistance or gains over 2 average true range values. Risk management involves setting stop losses at prior swings or moving average levels and targeting a minimum 2:1 reward to risk ratio.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    FX Bearish Power Reversal

    Notes
    Take first Position at
    dotted line.

    Take second position


    upon retest or upon 2
    ATR gain

    Trade Stage
    Trade Setup Entry
    1st Position
    Always
    Downtrend or at resistance- Daily Chart 2nd Position
    Minimum of 3 higher pivots- 15 Min
    Chart Risk/Reward
    Makes trend changing lower pivot- 15 Target
    Min Chart Entry
    Currency is now trading below both the Stop
    20 and 50 period SMA R/R Ratio
    Begins to find resistance from:
    Previous swing low Trade
    20 SMA Management
    50 SMA ATR
    Reward to Risk ratio: minimum 2:1 1st Stop
    No significant pending news (1-2 days)
    Breakeven
    Trade Trigger
    Currency breaks down below prior pivot Limit Sell
    CCI on 15 Min chart crosses -100

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