Simple Forex Trading Anyone Can Learn AUDCAD May 15, 2017

By | June 1, 2017

Uploaded May 15,2017 – Stop hit pattern on the AUDCAD 4 hour time-frame – see attached video –
This Stop hit pattern formed on the last candle of the previous week, the entry was taken following  the market open of the new week. When the last candle of the week completes a pattern we wait for the next open and attempt to get a better or equal entry price by watching for the market to turn in our direction. There are several ways to do this but in short, by refraining from entering a pending order just ahead of the market close you protect your account from potential gaps or direction changes on the open. This method is taught and discussed in the members area in more detail.

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