We start looking for your entry points into the market. To do this, try different points of entry into the market and leave only those that you understand. I propose to consider the point of entry into the market on the indicator Bollinger band. We will not study its meaning and calculation formula, because you can find this information yourself on the Internet. ...
A trading system is a set of trading strategies for different phases of the market, or one strategy with a complex way to support transactions. Trading strategy is a trader action plan. The structure of the trading system: 1. The choice of a currency pair for work, or several currency pairs. 2. The choice of timeframe for trading, or several. 3. Trading...
The main plan: to sell EURUSD from the level of 1.1400 with the goal of 1.1300. The reasons: Bear trend in force. Flat with borders: 1,5000 - 1,1300. Probability: 80% (high) Reserve plan: buy EURUSD in the zone: 1.1340 - 1.1300. The reasons: Lower bound of the flat: 1.1300. Probability: 20% (low)
The main plan: to sell EURUSD from the level of 1.1400 with the goal of 1.1300. The reasons: Bear trend in force. Flat with borders: 1,5000 - 1,1300. Probability: 80% (high) Reserve plan: buy EURUSD in the zone: 1.1300 - 1.1270. The reasons: Lower bound of the flat: 1.1300. Probability: 20% (low)
The main plan: to sell EURUSD from the level of 1.1500 with the target of 1.1355. The reasons: The trend is bearish on the D1 chart. Flat with borders: 1,5000 - 1,1300. Probability: 80% (high) Reserve plan: buy EURUSD if the rate can rise above 1.1480. The reasons: Long consolidation at the upper border of the flat, near the level of 1.1500. ...