EURUSD retracment and reversal.
This strategy has proven a accurate again and again.
It utilizes a 9 EMA, RSI on the 9 as well as a MACD indicator for extra confirmation, altho the macd has proven to be a bit later than the others.
Next week we're going to start off goi g back up to the .786 retracement around 1.105. Recommend making a TP around 1.1045-1.1048.
After that we'll most likely see a reversal down forming a new lower low.
It utilizes a 9 EMA, RSI on the 9 as well as a MACD indicator for extra confirmation, altho the macd has proven to be a bit later than the others.
Next week we're going to start off goi g back up to the .786 retracement around 1.105. Recommend making a TP around 1.1045-1.1048.
After that we'll most likely see a reversal down forming a new lower low.
Note
We'll see what happens today when the markets open.If anyone has any ideas or constructive advise please feel free to comment. I'm still fairly new at trading with live cash, and am always looking for new ways of looking at the markets. :)
Note
We are a go. We have a green rising bar. Target is 1.105. We'll TP around 1.1045 - 1.1048 to be sure we get our profs.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.