My 3 EMA settings showed us a strong downtrend Scenario 1 If the price crossed the high border, it means the price will climb until sell zone. We can put buy stop and sell limit order for this scenario. Remember to always watch and see a good pin bar first before you put the order. Scenario 2 On the opposite, if the price went down and crossed the low border, it...
Like we thought, the price is increasing after it entered the buy zone previously. It was wise we put the order above a good pin bar and the price is rising until now. But it will end after it reaches sell zone. So for the next scenario, We can see it clearly downtrend is strong. We are aiming to place order for short in the area.
Scenario 1 According to RSI and the strength of index, the price will go up and enter Sell Limit Zone. By Forecast of tomorrow's event, it will weaken the USD Index, so the price will go down from that zone. Scenario 2 But, if the buy order is overbought and brings the price more to reach the second zone of sell limit order zone. So for the scenario 1, better to...
Okay, the price is entering the buy zone now, but the event still tomorrow. I think it will become a slideway for a while. After we found a good pin bar we will put buy stop a little pip above that pin bar.
Facing the important event for tomorrow (EURUSD) Scenario 1 - If the actual data is not in expected down but up, the price will go down because of the forecast's US EMPLOYMENT-NFP and UNEMPLOYMENT, get ready to watch and set up for entry buy limit order. because after the price reaches the demand area, it will go up again, but the target PIPS probably cannot...