Learn how to use the With Arms Wide Open Forex Strategy. Read the article and watch the video tutorial to trade this strategy.
Name : With Arms Wide Open Forex Strategy
Indicators : None (Naked Trading)
Time Frame : 15mins and above
Strategy By : Analyst Navin Prithyani (forexwatchers.com)
Draw trend lines to show a higher high and lower low. It will look like arms wide open ;) If you are good with chart patterns it might help to think its a backwards triangle formation. Next, draw a straight line from your start point and that will be your entry trigger.
Your exit zones can either be at recent highs or at the trend line. This also depends on the freshness of the move.
With practice this technique can be extremely profitable. Let me show you some more examples.
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