Forex Trading 2018- TA/FA- Setups and discussion, page-4932

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    Classic example today of that trendette break setup I described on Saturday:


    In this case the H12 chart on the EJ showed a possible trendette break this morning of 5.1 pips (see circled)


    https://hotcopper.com.au/data/attachments/1380/1380033-85c6d3a145054c8120a2a2aaa5e62036.jpg


    A look at the M5 chart shows a little fakeout bar with no subsequent bar closing below its low, followed by a break of its high:


    https://hotcopper.com.au/data/attachments/1380/1380034-7edbd66d4135f8d0e00f03c1e586aee5.jpg

     

    A good risk:reward of 4.2 x on this one.


    Cheers, Sharks

 
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