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Signal #8

Today is NFP, it is one of the most important forex news. So, I better don't use any indicators since this day is weird. Let's predict the price channel for today.

The channel price of Gbp/Usd at Daily chart is between 2.0180 and 2.0260 which was reached yesterday. If we check further, the channel can be stretched between 2.0135 and 2.0330. So lets catch the fish ^_^

  1. Buy Limit Gbp/Usd at 2.0180, TP at 2.0260, SL at 2.0120
  2. Sell Stop Gbp/Usd at 2.0170, TP at 2.0140, SL at 2.0210
  3. Buy Limit Gbp/Usd at 2.0140, TP at 2.0260, SL at 2.0120
  4. Buy Stop Gbp/Usd at 2.0220, TP at 2.0260, SL at 2.0180
  5. Sell Stop Gbp/Usd at 2.0260, TP at 2.0220, SL at 2.0300
  6. Buy Stop Gbp/Usd at 2.0275, TP at 2.0325, SL at 2.0225
I prefer not to place SL for my buy order since the trend is bullish but please consider your Money Management.

By the way, please visit more often since some of my trading will be closed manually. So, when I see an engulfing pattern, I prefer to take my pips first and then place Stop Position to catch the next movement. I will post my action as soon as possible in this blog.

Good luck and watch out for NFP!

update : added position buy stop Gbp/Usd at 2.0220, TP at 2.0260, SL at 2.0180

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