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  1. #1
    Rookie Member NewToThisWantToLearn's Avatar

    USDJPY. Bullish. Price broken out of channel. M30 expiry. !!!

    Trend is bullish. Price has been retracing. Channel drawn on M15 chart. Lower line of channel hit when M15 oversold with stochastic crossover. Price began to rise before breaking the upper line of channel with MACD oversold crossover on M5 chart. Allowing M30 expiry as expect price may return to upper line of channel before continuing to rise as M1 stochastic nearing overbought.

  2. #2
    Legendry Member Michael Hodges's Avatar
    What did you learn from this trade?

  3. #3
    Legendry Member milos's Avatar
    Try to use M1 and M5 charts for M3O time frame expiry. Watch and compare both charts. I use the following:

    M1 charts 5-15 time frame expiry
    M5 charts 30 time frame expiry
    M15 charts H1 time frame expiry
    M30 charts H4 time frame expiry
    H1 charts H4-end of day time frame expiry etc....

    Happy trading!

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