EURAUD - RUBBER-BAND TRADE - SHORT
Description of trade set-up on chart.
The idea behind this trade set-up is when you have a strong uptrend or downtrend
and you have the 50-SMA angled UP or DOWN. When price shoots up or down
penetrating the 50-SMA . . . Meaning price is going against the 50-SMA Trend, it usually
is temporary and goes back through the 50 to resume the strong trend it was in.
I love this trade set-up!
The idea behind this trade set-up is when you have a strong uptrend or downtrend
and you have the 50-SMA angled UP or DOWN. When price shoots up or down
penetrating the 50-SMA . . . Meaning price is going against the 50-SMA Trend, it usually
is temporary and goes back through the 50 to resume the strong trend it was in.
I love this trade set-up!
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