This is a D1 chart ending in two doji, however, the H4 chart shows consolidation and the last candle is a gravestone. I'm thinking this is the signal for a breakout trade to the south and the CCI has just crossed the +100 line heading south. Caution would wait until the CCI crosses the zero-mean line. I have placed two sells, one market order for 50 Pips and a second stop order for 250 Pips both with a 25 Pip SL.
Happy Piping!
Happy Piping!
Trade active:
BTW by clicking on the TVC more button, only the oscillator agrees for the short term. Overall the trend MA indicates a strong buy.
I have learned not to fight the oscillator cycle, the trend may eventually win out but the price cycle goes to the oscillator.
I have learned not to fight the oscillator cycle, the trend may eventually win out but the price cycle goes to the oscillator.
Trade active:
Initially, this pair dropped 30 pips, now pulled back 20 pips and stalled. The pair is partially out of the breakout box and stuck, that said the CCI and HMA support a south continuation. So I'll hold.