This is an example trade following the strategy I posted couple of days ago (See link at bottom of page)
EMA 8 Close has crossed EMA 8 Open - With space between indicators (shows stronger move)
Volume has switched from bullish to bearish control on the WWV (Weis Wave Volume) indicator.
We have Lower Highs (LH) and Lower Lows (LL) continuing to form which shows a downward trend.
Expecting price to drop to atleast the previous swing low where it will either need to confirm this weak support area (by rejecting/reversing) or break through and find support lower.
The SL and Take profit box I've displayed is just an indicator of the trade and direction. Ill exit the trade based off when the volume indicator switches back to bullish.
EMA 8 Close has crossed EMA 8 Open - With space between indicators (shows stronger move)
Volume has switched from bullish to bearish control on the WWV (Weis Wave Volume) indicator.
We have Lower Highs (LH) and Lower Lows (LL) continuing to form which shows a downward trend.
Expecting price to drop to atleast the previous swing low where it will either need to confirm this weak support area (by rejecting/reversing) or break through and find support lower.
The SL and Take profit box I've displayed is just an indicator of the trade and direction. Ill exit the trade based off when the volume indicator switches back to bullish.
Trade closed manually:
@ 0.6041
