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| Automated Traders |
If you’re looking to better understand CHANNEL CYCLES in the Forex market, especially in the XAU/USD pair, you’re in the right place. We’ll explore how to trade using an opening pattern that can be highly profitable. We’ll cover entries, cycles, and how to maximize your trades.
👣 Step 1: Understanding the Opening Pattern
The opening pattern is one of the simplest and most effective trades in the market. It’s essential to recognize that if you’re not capitalizing on this strategy, you’re leaving money on the table. The weekly opening is the ideal moment to enter the market.
Usually, the candlesticks show that the close is closer to the high or low rather than the opening price. This translates into a high success rate when trading within this opening pattern.
📈 Step 2: Identifying the Opening Zone
When you observe any candlestick, whether on a weekly or daily chart, most will have a close near the high in a bullish candle and near the low in a bearish candle. This means that, when trading in the opening channel, you should expect the market to move out of this channel.
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| Automated Traders |
Visualize the market as a space where it needs to “leave” its initial position. Entering on the first cycle after the opening significantly increases your chances of success.
🔍 Step 3: Analyzing the M15 Chart
Let’s apply this knowledge to the M15 XAU/USD chart. Sometimes, the market can surprise us. For example, if you identify the opening in a significant zone, you may anticipate market movement.
If the market opens at a critical point, such as a historical top, you gain an advantage. Use this information to set your entry and exit points.
📊 Step 4: Executing Trades and Risk Management
When entering a trade, especially within an opening pattern, it’s crucial to have a risk management plan. If you encounter a stop, don’t be discouraged. The market won’t stay flat forever.
If you’re on a winning streak, don’t hesitate to increase your position on the next trade, but do so with caution. Risk management is vital for your longevity as a trader.
🔄 Step 5: Analyzing Cycles and Trends
The concept of cycles is fundamental. When identifying a cycle, such as cycle 1 or cycle 2, be prepared to trade as the market behaves. If the market breaks a cycle, it may indicate a new trend.
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| Automated Traders |
Cycle 3 could represent an expansion opportunity. Always monitor how the market behaves and adapts. If the market goes sideways, it might be preparing for a significant move.
📈 Step 6: Projection and Expansion
When projecting an expansion, understand that the market might not follow your expected direction. Continuous analysis and adaptation are essential. Use opening channel and cycles to help predict the market’s next moves.
If the market goes sideways, don’t panic. Use this to your advantage, finding opportunities within the sideways movement.
🚀 Step 7: Conclusion and Next Steps
CHANNEL CYCLES is a powerful strategy for any trader. By mastering the opening pattern and understanding market behavior, you can maximize your trades in XAU/USD. Remember, practice makes perfect.
For more, follow MARCELO FERREIRA, the creator of this technique!
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