Hi Everybody
If you remember a few days ago I took a look at a TS4 sell that was stopped out at break-even on the GBPUSD 60min chart. Well, the GBP continued to rally to new highs, but ran into the DP resistance zone where a high unfolded. The GBP then declined into the “opposing” DP where a nice profit of approx +3.9R was available.
Yes this is an Advanced trade as it used the manual DP, but it does show how well the DP can work in the FOREX markets
Thanks
Steve
If you remember a few days ago I took a look at a TS4 sell that was stopped out at break-even on the GBPUSD 60min chart. Well, the GBP continued to rally to new highs, but ran into the DP resistance zone where a high unfolded. The GBP then declined into the “opposing” DP where a nice profit of approx +3.9R was available.
Yes this is an Advanced trade as it used the manual DP, but it does show how well the DP can work in the FOREX markets
Thanks
Steve
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