TRADING LOSSES AVOIDED BY ACCURATE CAD CHF FORECAST
Despite the strength of the Bull Candle Breakout Signal on the Daily Chart of this pair, the weakness of the Consolidation Candles meant that a Bearish Reversal instead of a rally was the more likely outcome to be expected in the days ahead.
As you will see in the video and the analysis below, I expected this reversal to take place and warned that opening Long Positions at that time would have been very risky - a prediction that proved to be spot on the next day and which also saved me and other DRFX Subscribers from large trading losses.
VIDEO ANALYSIS OF CAD CHF REVERSAL FORECAST
The Daily Chart had created a Small Consolidation Setup that formed the ABC Setup, which was then broken by the Bullish Candlestick Signal. This would have tempted many to start trading long given the strength of this Candle but - as seen here -I warned that the weak candles within the Consolidation made this overall setup weak and therefore risky to trade.
DAILY CHART - STRONG BUT RISKY SIGNAL
Instead of rallying, the market immediately took out this Bull Candle with a sharp Bearish Reversal that has taken us back inside of the Setup - as predicted...
If you were trading on the 4 Hour Chart within this Consolidation, you could have captured strong trading gains along the way before the reversal....
...however, if you had opened up any Long Positions above the Resistance, then unfortunately you would have been stopped out by the sharp False Breakout Reversal...
THE THEORY BEHIND TRADING SETUPS & SIGNALS
Across the Currency Market, Candlestick Signals that lead to profitable moves must be supported by Setups that have strong Candlestick Formations as well. If this is not the case, then regardless of the strength of the Candlestick Signal, the market is likely to reverse to take out this signal, leading to losses for traders who are not aware of this crucial Technical Factor...
FROM THE TRADING MANUAL
Once you use the Manual to study this and other key relationships that control the Forex, you will be better able to avoid these losses and focus your attention on the setups that lead to Long-Term Profitability.
|(Estimated 14% Per Month. Assumes the Trader applies an Average Risk Per Trade of 2% to my Trading Signals)|
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(M.Sc. Economics, B.Sc. Management and Economics)