This Pine Script strategy offers a robust approach to trading reversals in Point and Figure charts, integrating alert functionality for timely notifications of trade signals. Designed for traders seeking opportunities in market reversals, this strategy identifies potential entry points by comparing current and previous closing prices. When a reversal condition is...
After this week’s climb, EUR/USD is currently facing a pivotal hurdle at 1.0930: a descending trendline in play since May 2021 that has acted as resistance multiple times over its lifespan. Price reaction at this technical juncture will be key, with a topside breakout setting the stage for a retest of the 2023 highs at 1.1033. On further strength, the focus shifts...
After this week’s climb, EUR/USD is currently facing a pivotal hurdle at 1.0930: a descending trendline in play since May 2021 that has acted as resistance multiple times over its lifespan. Price reaction at this technical juncture will be key, with a topside breakout setting the stage for a retest of the 2023 highs at 1.1033. On further strength, the focus shifts...