Sunday work flow.
Overall it has been a positive week for me,
I have just done my ASR and while I did get involved in a winning trade, I also prevented myself getting involved in two losing trade by simply follow my rules correctly and being disciplined.
Your only as good a trader as your last trade, and so it is time to get this pre-market analysis done for the new week ahead 📈
Checkout the link in bio, if you want to learn how to trade efficiently and to get real results from @fairexchangefx 👌
Profits from earlier this week 👀🔥💰
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an other example of how the market moves and changes direction, as you see the market made an impulsive move and a corrective move after that price enters in a distribution pahse.the distribution phase is when buyers
took profits, and get out of the market, so the market goes down.
when buyers see the market goes down, they enter again but this time as sellers ,and we can see an other series
of impulsive and corrective moves.
if you want to learn how to read and trade the market, i highly recommend you to get your copy of the candlestick trading bible ebook.
The next standard entry method is to wait for a break of the low of the engulfing candlestick.
In the Forex market, your entry would be 1 pip below the low.
Whenever possible, you should use a sell stop order to enter the market while using the second standard entry.
This ensures that you will get an accurate entry, and it keeps you from being forced to stare at your screen, waiting for a break of the low.
if you want to learn how to trade the market using my price action trading strategies,
i highly recommend purchase my ebook (the candlestick trading bible). if you are interested,check it out in my bio, or send me a private message.