Now Blue FX Trend Strategy V2 is live I wanted to demonstrate this on the charts.
EURAUD over March and April presented 16 trades. 10 winners and 6 losing trades.
2:1 Reward to risk - generating a gain of 14% on this one pair alone.
Here is a long trade I have taken on EURAUD but unfortunately did not manage to post to trading view before my entry. I will cover the basic analysis for entering this trade below:
- Descending Wedge Pattern
- Price is Squeezing
- Rejections of 1.57/1.57150 support zone
- Anticipation of the wedge breakout
- Gold price...
A bit more advanced, fibonacci clusters present, double pitchfork giving us nice EP's, hence potential trades. Looking to see how price moves in this fork, can copy past this on your charts to follow price action.
Educational purpose only, use proper risk management if u should trade. Hit me up if your interested in pitchforks, the precision is maaaad.