Strategy to execute trades in forex market, works for all pairs (please do back testing to gain confidence) : What we need : Candle Sticks Timeframe – 1 hr Bollinger Band – Length 20 and StdDev 2.5 Bollinger Band – Length 20 and StdDev 2 RSI – Length 6 Stochastic Oscillators – 14,3,3 MACD – 8,21,5 Confirmation with indicators should be in same trend with candle...
Do you know Support and Resistance is not a Price, It a Area (Range) . Every time price came to this Area (Range) it respected the Area very well as you can see in the chart. Rule :- Whenever support is broken its become resistance. And when Resistance is broken its become support. Hit Like and follow for more future updates.
In this video detailed explanation of applying elliott wave principle has been discussed taking an example of current price structure of a currency pair EURO-SWISS. i.e. EURCHF . One should go long in the region of 1.07000 - 1.70400 keeping a SL of 1.06618 for the target zone of above the wave 1 highs that is above 1.08710
#3 I leave this chart for educational purpose because I really didn't enter here but i definitely traded it in my demo acc. Confluence 1: Formation of a perfect head and shoulder. Confluence 2:Breakdown. confluence 3: Retest with a decent bearish candle. Stay humble. Stay blessed. Work hard.
#2 Being new to tradingview and not able to post previous chart when I entered long on the script, i will make sure I will keep uploading charts whenever i feel the set up is good. Anyway, lets begin. Why i entered? - "Well, the price has been on bearish trend. When the price before the entry tried to break the resistance but couldn't do it. But later, when i...
EUR CHF - Daily. We feel the pair has broken out of Downtrend as lower highs has been broken. However, still it cant be said that the pair is in uptrend. Prices are reversing from the resistance zone. Will have to wait till the breakout above Resistance Zone for saying that the pair is in uptrend.