by GrowthAces.com – profitable forex strategies with rationale to your email
MAJOR PAIRS:
MAJOR CROSSES:
How to read these tables?
1. If Position/Trading Idea is “LONG/SHORT” it means we have already taken this position at the Entry Price and expect the rate to go up/down to the Target level. If the stop-loss level is above (in case of LONG) or below (in case of SHORT) the Entry price it means that we have already moved the stop-loss level to lock in profit.
2. If Position/Trading Idea is “BUY/SELL” it means we are looking to open LONG/SHORT position at the Entry Price. If the order is filled we will set the suggested Target and Stop-loss level.
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3. Risk Factor – green “*” means high level of confidence (low level of uncertainty), grey “**” means medium level of confidence, red “***” means low level of confidence (high level of uncertainty)
4. Profit/Loss is the amount we have earned/lost vs. the previous day in USD, assuming a standard lot.
