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Saturday, November 1

EUR/USD TRADE - 120 PIPS

In the below trade I will show you how technical analysis work.

Using a simple trendline and breakout, we can see the price broke out at 1.4319 from a big green candle. This price breakout is also supported by Moving Average Crossover.



The price then moves to a new resistance level of 1.4349. In the below chart we can see second breakout, which then moved the price to a higher high.



1.4423 became the new resistance level, as the price then being rejected once it touched that level.

The trade is pretty good, earning 120 pips counted from the first breakout.

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