Live Trading Example 14 – Forex Support Breakout and Hanging Man Candle Pattern
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Damyan spots a breakout into a Forex support. The price returns to the level afterward and turns the support into a resistance level, creating a Hanging Man candle pattern. The candle gives a strong indication that the price will decrease. Price action initiates a strong decrease and Damyan locks in 10 pips guaranteed profit by adjusting his Stop Loss order below his entry point.
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