On my chart you can see a nice bat pattern + MACD divergence which is, from my point of view, one of the best signals to trigger changes in the trend. Though its still forming, my idea is to buy this pair after the breakthrough of 1.1000 level (and fixing at least one 1H candle above).
I put my SL order below the support level of 0.0950, TP order is several pips...
once again i'm trying this strategy out, going on demo account,
RSI under 50, Stoch have divergance, trend is going down
take this idea with a grain of salt
any feed back is appreciated
US indexes were up in early trading after New Home Sales data came out much better than expected. Consumer Confidence Index beats expectations as well. But later markets reversed, engulfed those gains and closed near lows. Lets see clues and points of adjustments (15 min timeframe analysis). After price reached resistance zone $195.50-.60 reversal candle appeared...
