NR7 Breakout and when price broke hourly MA continued right to our Trading Zone buy area.
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First we start with the Weekly and Monthly Trend
Then we analyze the GBP and CAD vs all other major currencies. We measure the direction of all of those pairs with the statistical intensity of the trends and come up with a composite trend strength.
When all trends LINE UP this is what can happen.
With the weekly and monthly trend down, great shorts at upper containment bands when stat tool sell signals appear.
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NR7 pattern breakouts are a very high probability trade that typically leads to 30-50 pip trends.
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This is a great example of all time frame trends pointing down. Weekly and Monthly Down, 1 hour and 3 hour down, price is under the hourly moving average and price broke through previous Month’s Low which adds to the probability of a big move down.
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Weekly and Monthly trend down and price showing low volatility which often leads to big trends upon breakout. When price did break out it fell over 200 pips.
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Our Buy Trading Zone worked perfectly and the market rallied up to our likely high plus some. These are likely reversal areas and we teach specifics on how to trade them in our classes.
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