Time Frame M15 --- London Session


Time Frame M15 --- Japan Session

Time Frame H4

The price reach wave B 50% Fibo fan now turning to find wave C.


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R3 1.5807
R2 1.5760
R1 1.5722
Daily Pivot -- 1.5675
S1 1.5637
S2 1.5590
S3 1.5552

Yesterday High: 1.5713
Low: 1.5628
Today Open : 1.5684
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--->>Prefer today LONDON Session ---
- The current up-trend could be changing and moving into a trading range Sidelines Mode.FX trader are advised to wait for a clearer signal before entering the market on this one

==>Above 1.5685 -> Open Long at 1.5695 with target 1.5710 and 1.5770 If Below 1.5685 -> open short at 1.5670 with target 1.5640 and 1.5580
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Time Frame H4 & Daily Bullish Butterfly Pattern -Remain

Time Frame M15 --- London Session


Time Frame M15 --- Japan Session


Time Frame H4




R3 1.5891
R2 1.5844
R1 1.5764
Daily Pivot -- 1.5717
S1 1.5637
S2 1.5590
S3 1.5510

Yesterday High: 1.5797
Low: 1.5670
Today Open : 1.5684
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You have 3 option to select the The Forecasting;-
Option 1 : Time Frame H4 projection Target marked.
Option 2 : Pivot ,Resistant and Support Barrier.
Option 3 : Time Frame M30,H1 and H4 -Bearish Or Bullish Butterfly Pattern.
[Reminder:Never trade 15min before news ,wait till 15min after - Prevention market volatile AND Rule no.1 do not over use margin total trade 5% -- Always Follow Good Money Management ]- Refer Forex News Link.
=========================================================
--->>Prefer today JAPAN Session ---
- The current up-trend could be changing and moving into a trading range Sidelines Mode.FX trader are advised to wait for a clearer signal before entering the market on this one
**Indicate a bearish pressure on EUR USD. The price should find a support above 1,5700. If the support is broken then the target will be 1,5645 & 1.5600. We won't take a position. The risk/reward ratio is too high to take a position..

==>Open Long Above 1.5660 at 1.5680 with target 1.5755 and 1.5785
If Below 1.5660 ---> open short at 1.5635 with target 1.5585 and 1.5535
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Time Frame H1,H4 & Daily Bullish Butterfly Pattern -Come-out









FX trader are advised to wait for a clearer signal before entering the market on this one

Time Frame M15 --- London Session


Time Frame M15 --- Japan Session

*******************************************
Time Frame H4


Caution -- Caution AnyTime Reversal


Projection Target Already done 180 pips at A wave ... Today Before Downside price will up to 1.5820... 2nd projection EXPIRED

R3 1.6081
R2 1.6012
R1 1.5895
Daily Pivot -- 1.5826
S1 1.5709
S2 1.5640
S3 1.5523

Yesterday High: 1.5943
Low: 1.5757
Today Open : 1.5778
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You have 3 option to select the The Forecasting;-
Option 1 : Time Frame H4 projection Target marked.
Option 2 : Pivot ,Resistant and Support Barrier.
Option 3 : Time Frame M30,H1 and H4 -Bearish Or Bullish Butterfly Pattern.
[Reminder:Never trade 15min before news ,wait till 15min after - Prevention market volatile AND Rule no.1 do not over use margin total trade 5% -- Always Follow Good Money Management ]- Refer Forex News Link.
=========================================================
--->>Prefer today LONDON Session ---
!! CAUTION - The current up-trend could be changing and moving into a trading range Sidelines Mode.FX trader are advised to wait for a clearer signal before entering the market on this one
**Indicate a bearish pressure on EUR USD. The price should find a support above 1,5700. If the support is broken then the target will be 1,5530. We won't take a position. The risk/reward ratio is too high to take a position..

==>Open Short 1.5760 at 1.5691 with target 1.5715 and 1.5691
If above 1.5760 ---> open Long at 1.5770 with target 1.5827 and 1.5850
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Time Frame H1,H4 & Daily Bullish Gentley Pattern -Come-out




---------------------------------------------------------------
Below pattern EXPIRED
Time Frame H1 & H4 Bearish Butterfly Pattern




Bearish Butterfly Pattern Now EXPIRED projection target 1.5691

Today Asian Session No Break-out


Today London Session Break-out

Break-out 80 pips

TimeFrame H4

Trend H4 still downside follow projection marked

Click Picture to Enlarge.

R3 1.6051
R2 1.5991
R1 1.5951
Daily Pivot -- 1.5891
S1 1.5851
S2 1.5791
S3 1.5751

Yesterday High: 1.5931
Low: 1.5831
Today Open : 1.5913
___________________________________________________________________________________
You have 3 option to select the The Forecasting;-
Option 1 : Time Frame H4 projection Target marked.
Option 2 : Pivot ,Resistant and Support Barrier.
Option 3 : Time Frame M30 and H1 -Bearish Or Bullish Butterfly Pattern.
[Reminder:Never trade 15min before news ,wait till 15min after - Prevention market volatile AND Rule no.1 do not over use margin total trade 5% -- Always Follow Good Money Management ]- Refer Forex News Link.
___________________________________________________________________________________
->>Prefer today already break-out London Session --- downside open short breach 1.5875 with target 1.5800
If above 1.5875 ---> open Long at 1.885 with target 1.5942 & 1.5975

Time Frame M30 & H1 Bearish Butterfly Pattern


Click Picture to Enlarge.
Bearish Butterfly Pattern REACH-OUT projection target 1.5870

RESULTS
Time Frame M30 & H1 Bearish Butterfly Pattern




Bearish Butterfly Pattern still remain projection target 1.5800

Click Picture to Enlarge.

Daily Pivot -- 1.5843
Breach 1.820 downside Open short with target 1.58 & 1.5784
If Not Breach Take long target 1.5911 & 1.595

Time Frame M15 Breakout London Session

Click Picture to Enlarge.
Waiting For Butterfly Pattern --- If come-out will update soon

If you want to start trading forex then if you make this method the basis of your FX Trading strategy, you will catch all the big moves and all the big profits. Let's take a look at it and how it could lead you to triple digit gains...

This FX strategy is simply based upon breakouts, which is a timeless strategy for profit which works, will continue to work and is easy to understand.

What is a Breakout?

A breakout is simply a break to new high or low on a forex chart

Why is it so effective?

Almost every big move starts from a new market high or market low or a breakout on the chart. Check any forex chart and you will see this occur again and again.

Why Doesn't Everyone Trade Breakouts Then?

Most traders are looking to buy low or sell high and trying to get perfect market timing, by waiting to buy at bottom or sell at the top and wait for a pullback when a breakout occurs. They miss the moves as once a strong breakout occurs, it tends to continue. The trader who waits is left watching the price disappear over the horizon making thousands of dollars and he's not in.

Buying breakouts is not predicting, it's simply trading the reality of a price change on the chart.

Most traders find this hard, they want always to get in at a low and sell at a high which is not possible and therefore miss these moves. If they would have gone with them they would have made money.

What are the Best Breakouts?

Not all breakouts of course continue and many fail, so you really need to concentrate on the high odds ones which are valid. Generally the valid breakouts are ones which have tested the breakout point at least 3 times, in at least 2 different time frames and the wider they are apart, in terms of time the better.

It's basically the more tests, more times frames and the wider they spaced apart the better and more valid the breakout is.

You need to look for areas the market considers important and if a break occurs and most traders disagree with it, it's likely to be a good one!

The best breakouts only occur a few times in each currency per year - but these are the high odds trades and I know traders who make triple digit gains on them and you can to.

Anything Else?

Yes you should always confirm the breakout with momentum indicators. We don't have time to discuss them here (simply look up our other articles) but these are indicators that gauge the strength of price and you want them supporting any price break.

Use the stochastic and RSI as a good two to look at first. These are visual indicators, easy to use and on every major forex chart service.

What about Stops?

Simple right under the breakout point.

The key to making money though is how you trail your stop.

If it's a big break don't trail to soon wait until the trend is underway and trail outside of daily volatility.

Breakout trading may be simple but it works and most people don't like doing it, don't let that put you off the majority don't win and it works!

All the best currency trading systems are simple and it's a fact simple systems work best, as they are more robust in the face of brutal market movements. If you base your FX Strategy on trading breakouts, you can soon be enjoying currency trading success and targeting triple digit annual gains.

By Kelly Price