108 PIPS FROM AUD CHF -- RATE OF RETURN NOW 32%
We took advantage of recent Aussie Dollar strengthen to capture 108 Pips from the AUD CHF last week. This pair was headed to the Resistance of its large Pennant on the Daily Chart, providing a strong Bull Candle Signal to give us this short and quick trading gain. This has now pushed the Rate of Return from the Aggressive Swing Trading Strategies to 32%.
RATE OF RETURN 2016
Chart and Video below show the setup for this trade. Daily Chart shows the Pennant Setup that had been formed in 2015 and the recent rally at its Support.
DAILY CHART - LARGE PENNANT CONSOLIDATION
VIDEO ANALYSIS OF TRADE SETUP
The Daily Chart provided a strong Bullish Candlestick Signal known as a Morning Star to break the Downtrend Line. This was expected to resume the rally towards the Resistance of Pennant.
DAILY CHART - BULLISH CANDLESTICK SIGNAL
After using the Trade Analysis Sheets from the Trading Manual to confirm the viability of this setup, the 4 Hour Chart - with this Entry Setup sent to Subscribers- was used to execute the trade.
After a few days, trade target was hit.
TRADE RESULT, 108 PIPS
TRADE SUMMARY - MYFXBOOK
VIDEO ANALYSIS OF TRADE
MAIN HIGHLIGHTS OF TRADE
- Accurate Analysis of the Market Needed to Spot Profitable Trades;
- Strong Bullish Candlestick Formations - For Entry Signals and Stop Losses;
- Breaks of Downtrend Lines;
- The "Near End Value" of Large Consolidations (See Trading Manual);
- Swing Trading is the Preferred Way to Trade Successfully;
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