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Forex

DOUBLE BOTTOMS PROVIDE A QUICK 2.66% RETURN ON THE CHF JPY

This recent trade provided a 2.66% Rate of Return in just 17 Hours, as I traded the Double Bottoms Pattern on the 4 Hour Charts up to Resistance at 111.84.

As you will see in the graph below, the Stop Loss was placed at the Uptrend Line of the 1 Hour Chart. Although I try to use the 4 Hour Chart for my Stop Losses, the 1 Hour Chart is also used if the 4 Hour does not provide one that is not too far away.

Following this entry, the market rallied as expected to Resistance to provide me with the trading result. These are the types of Returns that I aim for from the Forex. Once I can target this type of gain at least 2 times weekly, it will allow me to hit a strong 30% Monthly Rate of Return – the Rate of Return I teach traders to achieve with my Mentoring Service.


Check out the graphs and the Video Highlight below and then subscribe to my Mentoring Service to experience great trading results like these every week!





Main Technical Factors of this trade – 

1. Double Top Patterns on the 4 Hour Charts.

2. Using the 1 Hour Chart for Stop Loss Placement.

3. Using Trendlines for Stop Loss Placement.

4. Targeting Resistance Price Points for quick trading gains.

5. Large Returns are possible from this Trillion Dollar Market every week as long as we use a good strategy that solves the 5 Main Trading Challenges that we face when trading.

VIDEO HIGHLIGHT OF THE CHF JPY TRADE SETUP AND RESULT  

4 HOUR & 1 HOUR CHART TRADE SETUP FORECAST & RESULT



Once you know the Main Technical Factors that control the behaviour of the Forex Market each week, you’ll be able to accurately predict market direction and take advantage of profitable setups for Strong Trading Gains!


Subscribe today and these will be the types of Accurate Forecasts and Trading Gains you will enjoy starting next week!

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Your Mentor

Duane Shepherd
(M.Sc. Economics, B.Sc. Management and Economics)
Currency Analyst/Trader
shepherdduane@gmail.com /(876)-393 3355
Facebook: DRFXTRADING
Website: www.swingtradingmentoring.com
Instagram: @DRFXTRADINGBOSS
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There are many well-intentioned Forex Courses and Mentors globally. However, most fall short of the mark in terms of what you really need to take advantage of the Forex because of the limited Testing and Research that went into creating their Systems.

This is why they only work in the Short-Term. 

To correct this, you need to have a totally new approach from the ground level with theories that have been extensively tested for 10 years, during both Normal and Abnormal market conditions.

This is what you will finally get as a DRFX Subscriber.
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