This document provides information about a trading channel called Chart-Master FX and describes the terms and conditions for a buy setup using their flag limit (FL) strategy. The strategy involves looking for resistance levels that are broken, forming a kink with one or two bearish candlesticks, and then a higher high formation to provide an entry point. The stop loss is placed below the kink area and the target profit is at the new higher high. Examples of the strategy in action on various currency pairs are also shown.
This document provides information about a trading channel called Chart-Master FX and describes the terms and conditions for a buy setup using their flag limit (FL) strategy. The strategy involves looking for resistance levels that are broken, forming a kink with one or two bearish candlesticks, and then a higher high formation to provide an entry point. The stop loss is placed below the kink area and the target profit is at the new higher high. Examples of the strategy in action on various currency pairs are also shown.
This document provides information about a trading channel called Chart-Master FX and describes the terms and conditions for a buy setup using their flag limit (FL) strategy. The strategy involves looking for resistance levels that are broken, forming a kink with one or two bearish candlesticks, and then a higher high formation to provide an entry point. The stop loss is placed below the kink area and the target profit is at the new higher high. Examples of the strategy in action on various currency pairs are also shown.
Chart-Master FX [Think like an institutional trader]]
Terms and Conditions for a Buy Setup
There should be a resistance level.
This resistance level has to be broken. Thereafter, the price should immediately cross the resistance line going down. This leads to a formation of a kink. A kink should have 1 or 2 bearish candlesticks. The price must create a higher high thereafter. Entry: Place a trade on the kink area. The price should approach the kink with a PA. Stop loss: The stop loss should be placed below the kink area. Target profit: The target profit should be at the higher high.
Chart-Master FX [Think like an institutional trader]]
Chart Examples
Chart-Master FX [Think like an institutional trader]]
Example 1
Chart-Master FX [Think like an institutional trader]]
Example 2
Chart-Master FX [Think like an institutional trader]]
Example 3
Chart-Master FX [Think like an institutional trader]]
Example 4
Chart-Master FX [Think like an institutional trader]]
Example 5
Chart-Master FX [Think like an institutional trader]]