HI BIG PLAYERS,
here I'm testing a new indicator, that allow to scan forex markets for one cheap trading entry.
On this chart the indicator made a signal for longsetup. The Takeprofit I set to the last high pivotpoint and StoppLoss by the next lower Fibonacciline. Entry price is the high of the bar where signal was true.
Moreover, the RSI shows a bullish divervence.
The Risk-Return-Ratio (#RRR) is 1:3
Kind regards
NXT2017