Buy-signal
USDCHF- Bullish Move UpOur RSI 80-20 Strategy triggered a trade. Below are the rules of the strategy:
Step One: Find the currency pair that is showing a high the last 50 candlesticks . (OR low depending on the trade)
Step Two: When we find 50 candle low, it needs to be coupled with RSI reading around 20 or lower. (If it’s a high it needs to be coupled with the RSI reading 80 or higher.)
Step Three: Wait for a second price (low candle) to close after the first one that we already identified.
Step Four: Wait for the price to head in the direction of the trade and wait for a candle to close above the first candle that you identified that was previous 50 candle low.
Step Five: Place Stop Loss-This strategy follows a 1 risk to 3 reward ratio entry/exit points.
AUD/CAD short re-entry opportunityIf you missed the AUD/CAD short I posted recently you may still have a chance to enter if prices pullback to and reject the highlighted area. My overall bias remains short despite Friday's bullish candle. I will watch prices in this area, but if prices continue higher I will watch prices at the 61.8 fib for another short there
GBPUSD POSSIBLE SWING!!!Price respected perfectly our PRZ
daily zone (blue support) and closed
4 times above the daily 61% fib (black one)
making 2 dojis in a row above it and breaking
that flag pattern completing the 2nd impulse
so now we gonna buy it for a quick intraday
set up with 1:1.5 risk reward
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Happy trading