Another Example on FTM's Breakout Method

This is a bearish set-up on EUR/USD hourly chart based on Forex Time Machine's Breakout Method.

Based on the entry set-up rule, a short position was placed at 9:00am SG time and within an hour, TP1 and TP2 were hit. I applied a different methodology here because I like the 3x multiple lots systems which I learnt from Ross Beck and Jimmy Young in the FXTE program. At this point of time, there is a gravy train on the last lot that is being operating. The trade yielded 62 pips after hitting TP1 and TP2, and this means that it is $620 per standard lot.

Fundamentally, I am bullish in US$ and bearish in EUR. So, the fundamental understanding I have helped me to identify this trading opportunity.