EUR/USD daily chart, major buy-stop entry signal.
Last week I posted a buy-stop entry signal with 3 precise entry price points.
In the meantime, all 3 entries have been filled and are well in positive territory.
I also gave 2 exit points.
trade short-term to near 1.1000
trade longer-term to near 1.1300
Today is bar nr. 29 in the closed trading range.
The breakpoint of the range is 1.1035
Price bar formations have the advantage that one can trade TOWARD a range break-point, and not FROM.
By the time the break-point is reached, a decision can be made to either exit or stay in the trade, depending on the bar positioning.
Market makers and news makers work together. They know exactly how to keep you at bay and prevent you from making money.
Trading any market is the toughest business in the world - but also the most profitable - if it's done right.
"a little bit of knowledge is a dangerous thing"