EUR/USD 2 out of 3. will it go lower?
Hello all.
Firstly i would like to say this is not financial advise and i am not a financial adviser or a investment analyst so please don't take the same trades as me without doing your own research first.
One of the most important rules in my strategy when it comes to forex is keeping it minimal and being able to look at naked chart and understand which way we are trending, after understanding which way the trend is trending
I will add a trend line and these smoothed moving averages - SMMA 21 (White), SMMA 50 (Blue) SMMA 200 (Red)
I use a Rsi to spot divergences and monitor momentum and a engulfing candle indicator for confirmation.
I have being trading this strategy profitably for almost 2 years.
I am hoping for a further decline on EUR/USD today after the news release,
everyone trading today go careful and always use your risk management, good luck!
Firstly i would like to say this is not financial advise and i am not a financial adviser or a investment analyst so please don't take the same trades as me without doing your own research first.
One of the most important rules in my strategy when it comes to forex is keeping it minimal and being able to look at naked chart and understand which way we are trending, after understanding which way the trend is trending
I will add a trend line and these smoothed moving averages - SMMA 21 (White), SMMA 50 (Blue) SMMA 200 (Red)
I use a Rsi to spot divergences and monitor momentum and a engulfing candle indicator for confirmation.
I have being trading this strategy profitably for almost 2 years.
I am hoping for a further decline on EUR/USD today after the news release,
everyone trading today go careful and always use your risk management, good luck!
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