This trading strategy is using Spectro™ M
The blue background means a reversal zone.
We see many of those "RED TRIPLE TRIANGLES" which mean that Spectro™ M confirmed a reversal consensus on more than 20 indicators.
As you can see it predicts very good reversal points before the reversal happens.
I like simple trading, the channel formed is easily seen and we are much closer to a support than a resistance, therefore more upside than downside.
There are no Spectro™ M signals or alerts, but hey life isn't all about automation, right?
Entries from 110.6 to 110 seems to be fine. You might not want to buy 100% of your position at once, just in case it drops a little bit more you will be able to buy some more getting a better avg entry price.
Targets around 112.6 would be safer and hopefully 113.6 :)
Liked it? Give it a shot at, it's really affordable - you wouldn't believe if I told you: hypester.org/spectro-indicator/
The blue background means a reversal zone.
We see many of those "RED TRIPLE TRIANGLES" which mean that Spectro™ M confirmed a reversal consensus on more than 20 indicators.
As you can see it predicts very good reversal points before the reversal happens.
I like simple trading, the channel formed is easily seen and we are much closer to a support than a resistance, therefore more upside than downside.
There are no Spectro™ M signals or alerts, but hey life isn't all about automation, right?
Entries from 110.6 to 110 seems to be fine. You might not want to buy 100% of your position at once, just in case it drops a little bit more you will be able to buy some more getting a better avg entry price.
Targets around 112.6 would be safer and hopefully 113.6 :)
Liked it? Give it a shot at, it's really affordable - you wouldn't believe if I told you: hypester.org/spectro-indicator/
Trade closed manually
I'm a little insecure about this trade so I just closed my position at +0.5% profit.
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.