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- Chart Analysis for 10-Min Forex Wealth Builder (1)
The 10MFWB system has been proven useful today. Check out the following two charts: the US dollar was seen under intense selling pressure throughout the Asian and London trading sessions against the rest of the major currencies at the start of the trading day.
The red arrow (found inside the chart) indicates the action bar where the sell order was executed for both the USD/JPY and USD/CHF trades. Two closed trades provided a total profit of 200 pips (i.e. with 2 x risk profit target). They are considered as the breakout type.
Here's the USD/JPY trade (100 pips targeted):
Here's the USD/CHF trade (100 pips targeted):
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